V4

For the following questions, assume that the equilibrium quantity in a well-functioning free market for a good called Widgets is Q-50 and the equilibrium price is P - $4100. Supply for widgets as rebtively price elastic, and demand for widgets is relatively inclastic Assume the market is currently in equilibrium If another widget is produced, sold and consumed in this market, which of the following are true?Question 17 1 pts Imposing the tax in this way - on businesses instead of consumers - is more efficient because it is more equitable. O Truc OFabe Question 18 1 pts If the government imposes the tax on businesses instead of consumers, it can avoid the deadweight loss that taxes cause. O True Q Fake Question 19 1 pts If the government imposes this tax on businesses, the quantity bought and sold will decrease O Truc Fake Question 20 1 pts If the government imposes this tax, the quantity bought and sold will stay the same. but the widgets will cost more O True Q Fake Question 21 1 pts If the government imposes this tax suppliers of widgets will collectively lose less surplus than buyers of widgets will collectively lose. O Truc O Fake