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SolidBuild Manufacturing, a VAT-registered manufacturer, sells building materials to Alpha Distribution, a VAT-registered wholesaler, for 3,000 net. VAT at 12% is charged, so SolidBuild's output VAT is 360 and the price to Alpha is 3,360. Alpha Distribution resells to Beta Retailers, a VAT-registered retailer, for 5,000 net; VAT at 12% is charged (output VAT 600), price to Beta is 5,600. Beta Retailers then sells to Charlie, a non-VAT end consumer, for 6,800 net; VAT at 12% (output VAT 816) is charged, final price to Charlie is 7,616. (a)Identify the statutory incidence and the economic incidence of VAT in this chain. (b)Who bears the ultimate economic burden, and why? (c)If Alpha negotiates a 7% discount on the net price with SolidBuild and passes 60% of that discount to Charlie, explain how this affects the incidence and the final price Charlie pays.