19. When should a perfectly compever what will happen to the A) When its PSATC B) When its PSMC C) When its P>AFC D) When its P>AVC 20. Demand and Supply are given by the following equations Demand: P = 100 - Q Supply: P = 10 + 2Q What is the market equilibrium quantity and price? 100 - R AJ Q=30, P=70 B) Q=10, P=100 C) Q=90, P=10 100-Q - 1012Q DJ Q=45, P= 55 S+t - 160- 10-32 the price of its id n has a marginal 21. Suppose the government levies a specific tax of $t per unit as depicted in the graph above, After the tax, in the market is Consumer Surplus is_ Producer Surplus is _ and government revenue is_ A) Areas a+b; area f; areas etc+d. B Area a; area e; areas b+c. C) Area a; area e; areas b+c+d D) Area a; areas e+f; area b+c 22. Again, referring to the graph above, the tax imposes a social deadweight loss of ards, what will A) Areas etc+d B) Area f Area d DJ Areas d+g