The market demand and supply function for VCR movie rentals are:
QD= 10 - 0.04p and QS 3.8P = 4. calculate the equilibrium quantity and price and point elasticity of demand in equilibrium. next, calculate producer surplus. suppose that VCR movie rentals are taxed at $ 0.25 per unit. calculate the revenus generated by the tax. calculate the loss in producer surplus. what percentage of the burden of the tax falls on producers?