QUESTION THREE A. Consider the market for maize in which demand is represented by P = 100 - 2Qd and supply by P =10 + @Qs. i. Find competitive equilibrium price and quantity. il. Suppose government introduces a per unit tax of t = 15 on producers a) Find the quantity traded in the market after tax. b) Find the price paid by consumers and price received by producers after tax. ) With the aid of a diagram, plot the producer surplus, consumer, and deadweight loss and tax revenue to the government (GR) after the tax. d) Calculate the tax revenue to the government (GR) and state the share of tax revenue paid by consumers and the share paid by the producer. iil. Suppose now that the government introduces a per unit subsidy of s = 10 a) Find the quantity traded in the market after subsidy b) Find the price paid by consumers and price received by producers after subsidy. c) Calculate the subsidy expenditure to the government