Please help with this. this question has 5 parts.

Question 16 These next ve problems consider tax incidence. Suppose the market supply and demand for guitars in Happy Valley are given by: Demand: P = 300 - (UZJQ Supply: P = 100 + (1/3)Q What is the equilibrium price and quantity of the product? 0 P' = 120, Q* = 1200 o P' = 130, Q* = 240 o P' = 50, Q' = 430 o P' = 225, o* = 150 0 none of the above Question 17 What is the price elasticity.I of demand at the equilibrium price? 0 Elasticity = 1 O Elasticity = 2 O Elasticity = 0.5 O Elasticity = (1.666 0 none of the above Question 18 2 pts For the next three questions, assume there is $20 per unit tax levied on the consumers of guitars. What price will buyers pay after the tax is imposed? 0 $192 0 $200 0 $160 0 $190 0 none of the above Question 19 2 pts What is the quantity of the good that will be sold after the tax is imposed? o 196 o 210 O 224 O 216 0 none of the above