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QUESTION 9 Suppose that demand and supply are given by the functions OD=30-5p 0s = 10p Suppose the government regulates this market and forces the

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QUESTION 9 Suppose that demand and supply are given by the functions OD=30-5p 0s = 10p Suppose the government regulates this market and forces the price to be $5. In this case, there will be an excess (select demand or supply) of units of output. QUESTION 10 The burden of a tax per unit of output will fall heavily on consumers when demand is relatively and supply is relatively ,A n u 1 u ' a. Inelastic ; Inelastic A b. elastic ; elastic 'A c. inelastic ; elastic \"A' d. elastic ; inelastic

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