The sugar market has a supply curve with formula: Ps= 5 + 0.1Qs, and demand curve: Pd = 68-0.32Qd The government imposes a price floor of 22.9 Approximately what is the dead weight loss? 108 63

QUESTION 5 Suppose demand curve is given by P = 1000-5Q and the supply curve is given by P = 5Q. If the government imposes a price ceiling of 279, calculate the resulting deadweight loss. Give your answer to 2 decimal places. QUESTION 6 Suppose the demand curve in a market is given by P = 1000-5Q. Recall that the demand curve represents consumers' willingness to pay---for each quantity, the price on the demand curve is the maximum price at which the market will demand (at least) that quantity. If the government imposes a 20 dollar tax per unit on consumers, how much are consumers willing to pay to purchase 77 units? Show Transcribed Text ANSWER BOTH QUESTIONS FOR THUMBS UP PLEASE

Problem 3. Given that the farm gate price of product x is PHP 15.00/kg, Q1 is 350 kg and Q2 is 300 kg; a) what will be the tax revenue if buyer's price (with tax) is 20% higher than the the farm gate price? b) what is the value of the deadweight loss? Price PB Ps 0 *********** B В D Supply Demand Q2 Q₁ Quantity

Suppose the equations below represent the market supply and demand for cellular service. QD = 50 – 0.25P QS = 2P – 76 a.  Graph the supply and demand curves, and label the equilibrium quantity and price.    b.  Calculate the amount of Consumer Surplus and Producer Surplus in this market.  c. Suppose the government enacts a per-unit tax of $9 for each unit sold. Illustrate the effect of this tax in your graph of the market for cellular service, and calculate the new market price and quantity sold. d.  Calculate the amount of deadweight loss associated with this per-unit tax. e. Calculate the share of the tax burden that the sellers bear.  f. Briefly explain why there is a relationship between the slopes of the supply and demand curves, and the tax burden on each side of the market.

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Consider a market where supply and demand are given by QXS = -18 + Px and Qxd=84 - 2Px. Suppose the government imposes a units consumers do not buy at the floor price of $39 per unit. price floor of $39, and agrees to purchase and discard any and Instructions: Enter your responses rounded to the nearest penny (two decimal places). a. Determine the cost to the government of buying firms' unsold units. $ 585.00✔ b. Compute the lost social welfare (deadweight loss) that stems from the $39 price floor. $ 25.00