Question: You have the following information from the market Demand function: QD=270-5P Supply function: QS=-70+5P Submit answers in two decimal places if you get answers in decimals/fractions 1.What...

Answer please part 5

Extracted text: Question: You have the following information from the market Demand function: QD=270-5P Supply function: QS=-70+5P Submit answers in two decimal places if you get answers in decimals/fractions 1.What is the economic cost of the sellers? 2.Government has imposed a tax regulation of 5 taka. Assume that buyers and sellers both share the tax burden equally. 3.What is the consumer surplus after tax? 4.What is the producer surplus after tax? 5.What is the tax revenue?