1.The price elasticity of demand is -1.25, and the share of the tax borne by consumers is 0.80. What is the price elasticity of supply?

options: a.1. b.1.56. c.5. d.6

2.The demand for and supply of movie tickets are given byQD= 30 - 3PandQS= 4P- 19, respectively, wherePis the price per ticket, andQis in thousands of tickets. If the government places a $1 tax on each ticket, the prices that consumers pay with and without the tax are _____ and _____, respectively.

options:

a. $7.50; $6.50

b. $7.57; $7

c. $4.30; $3.80

d. $8; $7

3.The supply and demand for solar panels are given byQS= 5P- 5,000 andQD= 15,000 - 5P, respectively, wherePis price per solar panel, andQmeasures the quantity of solar panels. Suppose the government provides a $500 subsidy per solar panel. Before the subsidy, producers receive ____ and after the subsidy, producers receive ____.

options:

a. $2,000; $2,250

b. $1,750; $2,250

c. $2,000; $1,750

d. $2,250; $2,000