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(1) The capacitance \( C \) of the system can be found using the formula for the capacitance between two conductors:
\[
C = \frac{Q}{V}
\]
where \( Q = 80 \, \mu C = 80 \times 10^{-6} \, C \) and \( V = 16 \, \text{V} \). Therefore:
\[
C = \frac{80 \times 10^{-6}}{16} = 5 \times 10^{-6} \, \text{F} = 5 \, \mu F
\]
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(2) If the air is replaced by a dielectric medium of dielectric constant \( K \), the capacitance increases by a factor of \( K \). The new capacitance \( C' \) will be:
\[
C' = K \cdot C
\]
Thus, the new potential difference will be reduced by a factor of \( K \) as the capacitance increases. The new potential difference \( V' \) is:
\[
V' = \frac{V}{K}
\]
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(3) If the charges on the conductors are doubled to \( +160 \, \mu C \) and \( -160 \, \mu C \), the capacitance will not change because the capacitance of a system depends only on the geometry and the dielectric medium between the conductors, not on the charge. Therefore, the capacitance remains \( 5 \, \mu F \). However, the potential difference will double due to the increased charge.