Question: I need help on these 2 micro questions: Question 18 (4 points) Which of the following statements is necessarily true if the government implements an

I need help on these 2 micro questions:

I need help on these 2 micro questions: Question 18 (4 points)Which of the following statements is necessarily true if the government implements

Question 18 (4 points) Which of the following statements is necessarily true if the government implements an effective price ceiling? O The consumer surplus decreases. O The producer surplus decreases. Q There is no deadweight loss. 0 None of above. Question 19 (4 points) Consider the market for oil. Suppose the demand curve is a vertical line and the supply curve is a straight non-vertical line with a positive slope. If the government imposes an excise tax on the producers of this market, which of the following statement is TRUE? O The sellers bear some economic burden of the tax, but consumers bear most of the economic burden of the tax. 0 The sellers must bear most of the economic burden of the tax. 0 The consumers bear the entire economic burden of the tax. O The economic burden of the tax falls on producers and consumers equally

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