Answer these questions.Put letters

Market A Market B Price () S1 Price (f) S S D D 0 Quantity 0 Quantity Market C Market D Price (E) S Price (E) S D2 D D, Quantity Quantity Which of the markets, labelled A, B, C and D, illustrates the effects of a subsidy paid to the producers of a good?June OG 5. The following data represent demand and supply schedules for new potatoes over a given period of time. You may use the right-hand column to show your workings. Price per Quantity Quantity supplied kilo demanded Quantity supplied (f) (f) (kilos) after tax (kilos) 8 500,000 900,000 7 600,000 800,000 6 700,000 700,000 800,000 600,000 900,000 500,000 If the government introduces a tax of f2 per kilo, the new equilibrium price will be A E8. B E7. C E6. D E5. (a) AnswerJan 200% 3. The USA subsidises rice exports to Senegal, where rice is also grown. Which of the following will be the likely effect on the market for rice in Senegal? A A rise in the price of rice B No change in the price of rice `C A fall in the price of rice D An increase in demand for Senegalese rice (a) Answer (1)Jan 2007 4. Price (E) SZ 30 S, 20 10 12000 20000 Quantity (kilos) The diagram illustrates the effect of the imposition of an indirect tax on a good. The. tax revenue received by the government will be: A E360,000 B E400,000 C $120,000 D E240,000 (a) Answer8. The following data represent the daily demand and supply schedules for a kilogram of tobacco. (You may use the blank column in your explanation). Price per unit (E) Quantity demanded Quantity supplied Quantity supplied (kg) (kg) after tax (units) 70 400 480 65 420 460 60 440 440 55 460 420 50 480 400 If the government imposes a tax of f10 per kilogram, the new equilibrium price will be A E55. B E60. C E65. D E70. (a) Answer (1)