True/False and explanation. You are recommended to apply graphs where applicable
a. Buyers will pay lower price, and sellers will get higher price when the government imposes per unit tax on buyers.
b. The average fixed cost is U Shaped due to the law of diminishing returns in production process.
c. The government will get smaller tax revenue by imposing per unit tax on a good with higher price elasticity of demand than on lower price elasticity of demand one.
d. Unemployment rate will be smaller in the long run than in the short run when the government raises the minimum wage.
e. The Coarse theorem does not apply when transaction cost is high and large number of engaged parties.
