Please answer those question. There is no link or any information. Answer base in your opinion.

1. Consider the market for white athletic socks, which consumers consider to be identical products. If the demand is very elastic and the supply is very inelastic, how would the burden of a new tax on athletic socks be shared between consumers and producers? What if the situation were reversed - a very inelastic demand and a very elastic supply? How would that change the way consumers and producers share the burden of the new tax? Justify your answer.
2. Does the United States' labor supply tend to be more elastic or more inelastic? Explain the competing theories discussed in our textbook. Which seems more convincing to you? Explain your answer.
3. What is producer surplus and how is it measured? What is the relationship between the cost to sellers and the supply curve? All else being equal, what happens to producer surplus when the price of a good rises?
4. Read "In Deep Water: Governing the High Seas," located in the study materials, and explain why the oceans exemplify the problem of the tragedy of the commons. What can be done to address this problem? Why are potential solutions difficult to implement?
5. Briefly describe a vacation trip you have taken or plan to take and research at least three hotels in your destination area. Based on your vacation trip particulars, identify the hotel you would choose for your destination accommodations and explain why. In addition, explain which hotel was the least favorable to you and why.
6. How have online travel agencies transformed the competitive atmosphere in the hospitality industry? What are some beneficial ways that the internet affected the industry and what are some possible challenges facing hotels?