Figure 5-1 Price of paper Demand Quantity of paper Suppose there are several paper mills producing paper for a market. These mills, located upstream from a fishing village, discharge a large amount of wastewater into the river. The waste material affects the number of fish in the river, and the use of the river for recreation and as a public water supply source. Figure 5-1 shows the paper market. Use this Figure to answer the following question(s). Refer to Figure 5-1. What is the deadweight loss from producing at the market equilibrium? O area C & D O area E O area C O area D

Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to “Calculate,” you must show how you arrived at your final answer.     Assume that sugar-based soft drinks are produced in a market shown on the graph above. Answer the following questions based on the information given in the graph. (a) To reduce the consumption of sugary soft drinks, suppose the government imposes a $2 per-unit sales tax on soft drinks. (i) Will the price of soft drinks increase by the full amount of the sales tax? Explain. (ii) Calculate the tax revenue the government can collect from the sale of soft drinks. Show your work. (iii) Will the consumer surplus increase, decrease, or stay the same after the tax? (iv) Calculate the deadweight loss created by the tax. Show your work.   (b) Suppose that instead of imposing the per-unit sales tax,…

please do it quick i need it as soon as possible.(3) Sketch a supply and demand model of the housing (home ownership) market. Label the equilibrium price and equilibrium quantity. Now sketch in TWO changes on the same graph: an increase in demand; a reduction in supply.

e Price -Q₁ Quantity Which of the following scenarios is BEST represented in the graph? A number of sellers increase B decrease in government taxes C resource costs increase D technology improves