The market for hand sanitizer is given by the following demand and supply equations: Demand P = 50 - 2/3 : P = Supply: P = %0 where P is the price per bottle, and Q is the quantity of bottles. The government is considering imposing a $1 per unit tax on the purchase of hand sanitizer. If the $1 per unit tax is imposed, the per-unit tax incidence on producers is equal to: O A. $0.40. OB. $0.80 QC $0.60 O D. $0.20. Year 2000 2010 2020 Consumer Price Index Nominal price of Product X 95.1 84.2 $32.8 104.7 $52.5 $42.3 The percentage change in real price of Product X from 2000 to 2010 is equal to: O A 12.73% OB 14.18% O C. 28.96%. OD. 24.11%. Suppose the Canadian government is considering imposing a price floor on Niagara peaches to help support local farmers. Suppose the demand equation is given by Q = 50 - 0.5P, and the supply equation is given by Q = 0.5P - 10. If the quantity bought and sold under a price floor is Q = 10, what is the price floor? O A $40 OB $50 O C. $70 OD. $80 Assume the price elasticity of demand for Product Ais -0.65. The equilibrium price and quantity are P = $5 and Q = 15. The linear demand curve for Product A is: OA Q = 70.60 - 11.12P OB. Q = 24.5 - 2.23P OC. Q = 27.60 - 2.52P OD Q = 24.75 -1.95P