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Suppose the demand for shoes is given by: Q9: 300 -P. The supply of shoes is given by: 05: SP -300. Calculate the Gains from Trade (also known as Economic Surplus) that would exist in this market in a competitive equilibrium. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Suppose the demand for jackets was given by: DD: 200 -P. The supply of jackets is given by: 05: SP -610. Suppose the price was $87 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and the quantity of jackets associated with the surplus or shortage Enter your response as 05 - QD. Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the nearest two decimal places if necessary.) Answer: The demand for wheat is given by: on: 220 -P. The supply of wheat is given by: 05: 5P -80. Suppose the government imposes a a price ceiling of $49. Calculate the dollar amount of deadweight loss from the price ceiling. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: The demand for wheat is given by: on: 126 -0.2P. The supply of wheat is given by: 05: SP -290. Suppose the government imposes a a price ceiling of $68. Calculate the dollar amount of consumer surplus with the price ceiling. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: The demand for okra is given by: OD: 330 -2P. The supply of okra is given by: 05: SP -570. The government has implemented a price floor of $145. Calculate producer surplus with the price floor. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: The demand for corn is given by: OD: 175 -0.5P. The supply of corn is given by: OS: 9P -110. The government has a price support policy of $100. Calculate the dollar amount of government expenditures for the price support policy. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: The supply of robotic welding machines is given by Q5: 2P 4550. The government has levied a $1050 per unit tax on the suppliers. Find the new supply function with the taxi Fill in the values below. QSTAX= 2P (Round to the nearest two decimal places if necessary. Remember to include a negative Sign if necessary.) The demand for sugar is given by: 09: 420 -0.25P. The supply of sugar is given by: 05: 4P -1110. The government levies a $85 per unit tax on the suppliers of sugar. Calculate the quantity of units in the market after the tax. QTAX= (Round to the nearest two decimal places if necessary.) The demand for sugar is given by: 09: 420 -0.25P. The supply of sugar is given by: 05: 4P -1110. The government levies a $85 per unit tax on the suppliers of sugar. Calculate tax revenue from this tax; (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: The demand for sugar is given by: 09: 430 -0.25P. The supply of sugar is given by: OS: 4P -930. The equilibrium quantity without a tax is 350 units. The government levies a $212.5 per unit tax on the suppliers of sugar. Calculate deadweight loss from this tax. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.)