CO 7 24 D 20 10 16 points Price 12 00:41:34 8 4 40 80 120 160 200 Quantity per period (thousands of kilos) a) If government were to impose a price floor of $14 per kilo, what would be the result? (Click to select) | of thousand kilos b) If government were to impose a price ceiling of $8 per kilo, what would be the result? (Click to select) v | of thousand kilosProduction Possibilities 13 for Coffee and Tea 280 240 U 10 V points W 200 00:41:03 160 X Quantity of Coffee 120 80 Y 40 Z 0 80 160 240 320 Quantity of Tea How much tea is gained at what cost of coffee? a. In moving from U to V tea is gained at the cost of coffee.How much tea is gained at what cost of coffee? a. In moving from U to V tea is gained at the cost of coffee. b. In moving from W to X tea is gained at the cost of coffee. c. In moving from Y to Z tea is gained at the cost of coffee.Below table shows the production possibilities for the country of Emilon: A B C D E Rice 70 126 168 196 Beef 70 63 49 28 Complete the following (approximate) possibilities for Emilon. a. Emilon can produce 182 rice and beef. b. Emilon can produce rice and 56 beef. Which of the following product combinations is Emilon capable of producing? c. Can Emilon produce 140 rice and 56 beef? (Click to select) v d. Can Emilon produce 98 rice and 49 beef? (Click to select)Below table shows the production possibilities for the country of Emilon: A B C D E Rice 70 126 168 196 Beef 70 63 49 28 Complete the following (approximate) possibilities for Emilon. a. Emilon can produce 182 rice and beef. b. Emilon can produce rice and 56 beef. Which of the following product combinations is Emilon capable of producing? c. Can Emilon produce 140 rice and 56 beef? (Click to select) v d. Can Emilon produce 98 rice and 49 beef? (Click to select)The table below shows the market for mandarin oranges in the country of Preswar. Price per Kilo Quantity Demanded Quantity Supplied 0. 8 650 350 0.9 600 400 1.0 550 450 1. 1 500 500 1. 2 450 550 1.3 400 600 1.4 350 650 1.5 300 706 a) What are the equilibrium values of price and quantity? Round your answers to one decimal place. Price: Quantity: b) Suppose that government imposes a effective price floor that is $0.2 different from the present equilibrium price. What would be the resulting shortage or surplus? (Click to select) | of () Suppose instead that government imposes a effective price ceiling that is $0.2 different from the present equilibrium price. What would be the resulting shortage or surplus? (Click to select) | of