1. The market demand curve is D(p) = 8p. The market supply curve is S(p)=2+2p. (a) What is the equilibrium price and equilibrium quantity? (b) Suppose the government taxes sellers one dollar for each unit of sales. What are the equilibrium price, equilibrium quantity, consumer surplus, seller surplus, collected tax, and deadweight loss compared to (a)? (c) Suppose the government subsidizes consumers one dollar for each unit of purchase. What are the equilibrium price, equilibrium quantity, con- sumer surplus, seller surplus, collected tax, and deadweight loss compared to (a)?