Question: note:please only answer if you can answer both the questions, thank you 2. Using the diagram below calculate the change in revenue from equilibrium if

 note:please only answer if you can answer both the questions, thank

note:please only answer if you can answer both the questions, thank you

2. Using the diagram below calculate the change in revenue from equilibrium if price ceiling is set at $8. Price $20 18 16 14 12 10 8 6 4 2 0 10 20 30 40 50 60 70 80 90 100 Quantity 3. Rice is a basic necessity good in Bangladesh. Using diagram explain if the government places a Tk.60 tax on consumers of rice, will the price paid by consumers rise by more than Tk.60, less than Tk.60, or exactly Tk.60

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