Q 1.In the market for beer, the government imposes a unit tax. What is the size of the unit tax, and how much tax revenue does the government collect? 2.An identical dollar tax is imposed on two goods, Good X and Good Y. Comparing the two markets, what's true? 3.When demand becomes more elastic, 4.When demand is inelastic: 5. Billy Bob's Barber Shop knows that a 5 percent increase in the price of their haircuts results in a 15 percent decrease in thenumber of haircuts purchased. What is the elasticity of demand facing Billy Bob's Barber Shop?