12 The market for wheat is in equilibrium with market quantity (Q) of 100 and a market poce (P) of 50 Supply and demand are given by Supply P-20 0.30 Demand P 100-050 In an attempt to help wheat farmers, the government institutes a total maximum production cap of 50 bushels of wheat (050) What is the new market price for wheat that farmers will want to set under this production cap? QUESTION 13 A tax was placed on blue jeans, in the amount of $15 Prior to the tax, 2000 pairs of jeans were sold Ale the lax, ony 1500 pairs of jeans were sold What is the deadweight loss created by the tax