The market for good Q is perfectly competitive. Demand and supply are given by the functions on = 30 - 5p 05 = 10p In equilibrium, the market price will be p*= v , the quantity will be 0*: v , and the deadweight loss will be DWL= v . The burden of a tax per unit of output will fall heavily on consumers when demand is relatively and supply is relatively O a. elastic ; elastic O b.inelastic ; elastic O c. inelastic; inelastic O d.elastic; inelastic Consider the perfectly competitive market for some good Q. The current equilibrium price is p*. The government wants to understand how different pricing policies might affect consumer surplus (CS) and producer surplus (PS). Part 1: If the government introduces a price ceiling below the current price p*, then consumer surplus v and producer surplus v. Part 2: If the government introduces a price oor above the current price p*, then consumer surplus v and producer surplus v