Question: Question 12 6 pts Please enter your answer rounded to the nearest single decimal place, such as 2.0 or -15.5. No other punctuation is required

 Question 12 6 pts Please enter your answer rounded to the

Question 12 6 pts Please enter your answer rounded to the nearest single decimal place, such as 2.0 or -15.5. No other punctuation is required (ex: commas) within your numerical response. Suppose the demand and supply curves for wheat in a country are as follows, where p is $ per ton and Q is thousands of tons per year: QD = 500 - p Qs = 100 + 0.6p . Calculate the market equilibrium price: $ 250 . Calculate the value of consumer surplus at the equilibrium: $ 31250 (thousands) . Calculate the deadweight loss associated with an $80 per ton tax on wheat: $ 2000 (thousands)

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