This is an extra credit assignment for Midterm 1. The points you earn will be added to Midterm 1 directly. The final score of your Midterm 1 will be: Final Score of Midterm 1 = Midterm 1 score (in class) + extra credit for Midterm 1 Note: Your final score for Midterm 1 cannot exceed 100 points. The questions would be similar to the problem-solving questions you have seen in your Midterm 1. If you need extra help solving similar problems, please review the supplementary materials I posted in the week 4 Module before starting the quiz! You will have 60 mins to complete the quiz. D Question 1 6 pts The demand and supply for headphones are given as: 20= 60-4P Q5 -4P-20 What is the new consumer and producer surplus if the government imposes a $5 per unit tax? What is the deadweight loss? What is the tax revenue? CS $ DWL $ Tax revenue $ D Question 2 4 pts The demand and supply for headphones are given as: Q= 60- 4P Q5 =4P-20 If the government imposes a $6 price ceiling, what would be the full economic price? What would be the non-pecuniary price? what is the consumer surplus? what is the deadweight loss? Full economic price $ Non-pecuniary price * *- CS $ DWL $