Answer the following

Question 24 1 pts Question 23 1 pts Which of the following causes a shift in the supply of golf clubs? Bill is willing to pay $4 for the first cup of coffee a day, $2.50 for the second golf courses reduce the fee they charge to play cup, and $1 for the third cup, after which he won't buy any coffee. The price of a cup of coffee is $2.40. Bill's consumer surplus from the coffee bought is equal to golf balls become more expensive per day- golf carts are banned golf club manufacturers no longer have to provide health insurance for their workers Question 26 Question 25 1 pts 1 p Consider the market for corn in the United States. Scientists at the University of The cost of prescription drugs in the United States is high. Many Seniors across lowa recently developed an improved corn seed that resists drought conditions. the U.S. struggle to afford their medication. If prescription prices continue to Once farmers begin using the improved corn seed, the equilibrium price for corn rise, many seniors will be priced out of the market. Which of the following will? policies would lower prices for prescription drugs? (check all that apply) Excise Tax increase Subsidy decrease Price Ceiling remain unchanged Price Floor Quantity Control Question 27 Question 28 1 pts How a per unit excise tax is divided between buyers and sellers is determined by The following mathematical equation represents the demand for gluten free chocolate chip cookies. the government's choice of whom to tax (buyers or sellers). QD = 2, 400, 000 - 300, 000P who the law says must pay the tax. the revenue needs of the government. Assuming that gluten free chocolate chip cookies are priced at $7 per unit, calculate the price elasticity of demand coefficient. If necessary, round your the elasticities of supply and demand calculation to two decimal places. Make sure you enter your answer as a negative number