Question 16 Not complete Marked out of 1.00 V Flag question In order to encourage the adoption of reusable straw, the government decides to subsidize the reusable straw industry. They decide to subsidize the producers by $2 for every unit of reusable straw they produce. The demand and supply curves are Qd = 160 4P, GS = 4P 20. As a result of the subsidy, the price paid by the buyers will be $[Answer] per unit. (In decimal numbers, with two decimal places, please.) Answer: Question 17 Not complete Marked out of1.00 l7 Flag question The price received by the sellers will be $[Answer] per unit. (In decimal numbers, with two decimal places, please.) Answer: Question 13 Not complete Marked out of 1.00 V Flag question Consider a market in which the demand is given by P = 61 20. The supply is given by P = 261. Now suppose that the government provides a subsidy of 25 dollars per unit. The increase in the equilibrium quantity is [Answer] units. (In decimal numbers, with two decimal places, please.) Answer: ' Question 14 Not complete Marked out of 1.00 V Flag question Compared with the case without the subsidy, the welfare loss is $[Answer]. (In decimal numbers, with two decimal places, please.) Answer: ' Question 15 Incorrect Mark 0.00 out of 1.00 07 Flag question The demand curve in the market of grapefruit is Q d = 104 2P d and the marginal cost of production is constant at $27. If a tax of $15 is imposed, the price received by the producers is $[Answer] less for each unit sold. (In decimal numbers, with two decimal places, please.) Question 12 Not complete Marked out of 1.00 V Flag question Suppose a commodity tax of $20 per unit is imposed on a good. The supply curve is linear and upward sloping and the demand curve is linear and downward sloping. The tax causes the equilibrium quantity of the good to decrease from 1300 units to 1150 units. The total reduction in the consumer surplus and producer surplus equals [Answer]. (In decimal numbers, with two decimal places, please.)