For the following questions, let supply and demand be given by: Q D
=40− 3
P
Q S
=P−20 It may help to draw those out. 5.21 Homework - Unanswered In the competitive equilibrium, what is the price? Typeyour numeric answer and submit Unanswered a 1 attempt left 5.22 In the competitive equilibrium, what is the quantity? Type your numeric answer apd sibmit Homework * Unanswered If the government imposed a price ceiling of $36, how much of a surplus (excess supply) would there be? Unanswered * 1 attempt left ( 1 ) 5.24 Homework + Linariwaered How much dead weight loss would be caused by this price ceiling? fvate vaur miameric answer and submit. Suppose the government imposed a price support high enough to guarantee that a quantity of 37 would be produced. How much of the good would be purchased by households? Type your numeric answer and submit Unanswered - 1 attempt left 5.26 Homewerk - Unanswered How much would the government have to spend on this price support? Type your numetic answer and submit Unanswered * 1 attempt left 5.27 Horsework - Unanswered Suppose the government allocated the goods they purchased to the consumeri who were willing to pay the most for them, what would be the excess burden of the price support? Type yous nument anwer and submit Suppose the government imposed a tax on buyers of $8 per unit sold. How much would the government collect in tax revenue? Unanswered * 1 attempt left ( =5.29 Homework * Unanswered Supgose the govermment imposed a tax on sellers of $8 per unit sold. How much would the government collect in tax revenue? thone unur numeric antwer and tubmil (8) 5.31 Homework + Unanswered Suppose the government paid buyers $48 dollars for each unit they purchased. What quar would be bought and sold in the market? Type your numeric answer and submit