Question 3 I Hide Course Menu lemand is given by P = 50 - .5Qd and supply is given by P = 10 + 1.5Qs, a tax is imposed. Which of the following is true? X Selected Answer: b. Who pays more of the tax depends on the size of the tax. Answers: a. Who pays more of the tax depends on who the tax is placed on. b. Who pays more of the tax depends on the size of the tax. c. Producers will pay more of the tax. d. Consumers will pay more of the tax. Question 4 In a market where demand is given by P = 50 - .5Qd and supply is given by P = 10 + 1.5Qs, a subsidy is imposed. Which of the following is true? X Selected Answer: a. The equilibrium price will go up regardless of who the subsidy is placed on. Answers: a. The equilibrium price will go up regardless of who the subsidy is placed on. b. The equilibrium price will go up if the subsidy is imposed on consumers. c. The equilibrium price will go down regardless of who the subsidy is placed on. d. The equilibrium price will go up if the subsidy is imposed on producers