Consider the market of live chickens in Utopia. Utopia is a closed economy. All chickens are produced and consumed by Utopians. Suppose the market demand and supply of live chickens are given by the following equations. (P is price per chicken in terms of dollars).

Demand: Q = 1125 45P million chickens per year

Supply: Q = 45P + 225 million chickens per year

23. Given the supply and demand, we conclude that the market equilibrium price and quantity are, respectively, [ Answer23A ] dollars per chicken and [ Answer23B ] million chickens per year.

24. At this equilibrium price, we would have a consumer surplus of [ Answer24A ] million dollars, a producer surplus of [ Answer24B ] million dollars per year.

25. Suppose now the government is considering a plan to allow the import of a regulated amount of live chickens from a neighboring country. The government predicts that if implemented, the quantity supplied of live chickens will increase by 135 million chickens at any price. Given this information, we expect that, with the policy, the market equilibrium price and quantity are, respectively, [ Answer25A ] dollars per chicken and [ Answer25B ] million chickens per year.

26. We expect that the Utopian consumers as a group will [ Answer26A ] (A. support, B. oppose) the policy because with the policy, their economic surplus will [ Answer26B ](A. increase, B. decrease) by the amount of [ Answer26C ] million dollars per year.

27. We expect that the Utopian farmers as a group will [ Answer27A ] (A. support, B. oppose) the policy because with the policy, their economic surplus will [ Answer27B ](A. increase, B. decrease) by the amount of [ Answer27C ] million dollars per year.