can I get some help with question 2?

7:22 PM Wed Sep 23 .III '5 42%[} learnuseast1prodfleet01xythos.s3.amazonaws.com mmmm for construction of buildings. Compared to other towns without salt was the demand for wood more or less elastic in Taghaza? Why? 2. Use the graph of a market in equilibrium below (Price is $5.50 and Quantity is 5.5 units) to answer the following questions: 3. Using the following diagram, use the wedge shortcut to answer these questions: a. [fa tax of 82 were imposed, what price would buyers pay and what price would suppliers receive? How much revenue would be raised by the tax? How much deadweight loss would be created by the tax? b. [fa subsidy of 55 were imposed, what price would buyers prry and what price would suppliers receive? How much would the subsidy cost the government? How much deadweight 105 would be created by the subsidy? anuuuoua 12345676910 mam If a $3 tax was imposed a. What price would consumers pay? b. What price would suppliers receive? c. How much revenue would the government get? d. How much deadweight loss would there be? 3. If you were interested in getting your friends true thoughts on a big decision you are considering do you think you are more likely to get honest input from a survey (asking them what they think) or a betting market (asking them to put money at risk to back up their answer)? Why? 4. Calculate the elasticig M] lQiQS HEB