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Suppose the market for grass seed can be expressed as:
Demand: Qd
Supply: Qs
= 200 - 5P
= 40 + 5P
If the government collects a $5 specific tax from sellers (here you can change the supply equation to Qs = 40 + 5(P-t) or Qs = 15+ 5P,
a) How much will the quantity demanded change from the amount demanded before the tax?
b) What price will consumers pay after the tax?
c) What price will sellers receive after the tax?
d) What is the consumer surplus before tax
e) What is the consumer surplus after tax
f) What is the tax revenue?
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