ANS WITH FULLY EXPLANATION

Question 15 Not complete Marked out of 1.00 V Flag question The demand curve in the market of grapefruit is Q d = 104 2Pd and the marginal cost of production is constant at $27. If a tax of $15 is imposed, the price received by the producers is $[Answer] less for each unit sold. (In decimal numbers, with two decimal places, please.) Answer: Question 16 Not complete Marked out of 1.00 V Flag question In order to encourage the adoption of reusable straw, the government decides to subsidize the reusable straw industry. They decide to subsidize the producers by $2 for every unit of reusable straw they produce. The demand and supply curves are Qd = 160 4P, GS = 4P 20. As a result of the subsidy, the price paid by the buyers will be $[Answer] per unit. (In decimal numbers, with two decimal places, please.) Answer: Question 17 Not complete Marked out of1.00 l7 Flag question The price received by the sellers will be $[Answer] per unit. (In decimal numbers, with two decimal places, please.) Answer: Question 8 Not complete Marked out of 1.00 V Flag question Consider a market in which the demand curve is given by Q = 26 2P. The supply curve is given by P = 10. The government is considering imposing a tax. If the government wants to maximize the tax revenue collected from this market, the optimal tax rate would be [Answer] per unit. (In decimal numbers, with two decimal places, please.) Answer: ' Question 9 Not complete Marked out of 1.00 V Flag question The government decides to subsidize the solar panels industry to encourage the adoption of solar panels and enhance its competitiveness. They decide to subsidize the producers by $9 for every unit of solar panel they produce. The demand and supply curves are Qd = 121 7P, GS = 3P. As a result of the subsidy, buyers will pay $[Answer] less per unit. (In decimal numbers, with two decimal places, please.) Answer: ' I Question 10 Not complete Marked out of 1.00 V Flag question At the same time, the sellers will receive $[Answer] more per unit. (In decimal numbers, with two decimal places, please.) Answer: Question 11 Not complete Marked out of 1.00 '7 Flag question Given the above information, we can conclude that at the original equilibrium, the supply is [Answer] compared to the demand. Select one: Q a. more elastic O b. less elastic O 0. equally elastic Q d. undetermined Question 13 Not complete Marked out of 1.00 V Flag question Consider a market in which the demand is given by P = 61 20. The supply is given by P = 261. Now suppose that the government provides a subsidy of 25 dollars per unit. The increase in the equilibrium quantity is [Answer] units. (In decimal numbers, with two decimal places, please.) Answer: ' Question 14 Not complete Marked out of 1.00 V Flag question Compared with the case without the subsidy, the welfare loss is $[Answer]. (In decimal numbers, with two decimal places, please.)