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The table below gives the quantity demanded and the quantity supplied of Good A at various prices that could prevail in the market. Price Quantity Quantity Demanded Supplied $30 $20 3 $10 a) When the price decreases from $30 to $20, is the demand for Good A relatively elastic, relatively inelastic, unit elastic, perfectly elastic, or perfectly inelastic? Explain b) When the price decreases from $30 to $20, is the supply of Good A relatively elastic, relatively inelastic, unit elastic, perfectly elastic, or perfectly inelastic? Explain. c) If a per-unit tax is imposed on Good A, how is the tax burden distributed between the consumers and the producers? d) Assume that the income elasticity of demand for Good B is 1.6. Using a correctly labeled graph of the market for Good B, show the effect of a significant decrease in income on the equilibrium price and quantity of Good B in the short run.3 1/ 1 point Suppose the demand for batteries in relatively inelastic and the supply is relatively elastic. Assume that the batteries are sold in a competitive market. a) Draw a correctly labeled graph of the battery market. On your graph show the equilibrium price and quantity of batteries, labeled Pe and Qe. b) Suppose the government levies a $2 per unit tax on the producers of batteries. On your graph from part (a), show each of the following after the tax is imposed. i) The price paid by buyers, labeled Pb ii) The after-tax price received by sellers, labeled Ps iii) The quantity, labeled Qt c) Using the labeling on your graph, explain how to calculate the total tax revenue collected by the government. d) Will the tax burden fall entirely on the buyers, entirely on the sellers, more on buyers and less on sellers, more on sellers and less on buyers, or equally on buyers and sellers? Explain