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Part 1: 41 pts Short answer and T/F/U. For True, False or Uncertain (T/F/U) say whether the statement is true, false, or uncertain, and provide

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Part 1: 41 pts Short answer and T/F/U. For True, False or Uncertain (T/F/U) say whether the statement is true, false, or uncertain, and provide a short explanation (not more than 10 lines) why. Some of these T/F/U questions are hard - they are intended to make you think. If you specify that a statement is Uncertain please explain what assumptions would make it true or false. 1) (4pts) T/F/U: If you are buying 10 theater tickets per year (you are cultured) and the price of each ticket falls by $3, then your net consumers' surplus must increase by at least $30. Please draw a graph to illustrate. 2) (6pts) T/F/U: If supply is perfectly elastic and demand is not perfectly inelastic or elastic, and a tax is introduced, producers pay all the government revenue. Please draw a graph to illustrate. 3) (6pts) T/F/U: A government introduces two taxes to a market. Under Tax 1 for each unit sold in the market the buyer "pays" $1 in tax (sends $1 to the government) and under Tax 2 for each unit sold the seller "pays" $2 in tax (sends $2 to the government). Therefore, producers bear two-thirds of the incidence of the tax. Please draw a graph(s) to illustrate

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