Note: No referencing is required for short answer questions. Using the information contained in the diagram immediately

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Note No Referencing Is Required For Short Answer Questions Using The Information Contained In The Diagram Immediately 1 (154.09 KiB) Viewed 36 times

Note: No referencing is required for short answer questions. Using the information contained in the diagram immediately below: (i) Calculate the consumer surplus at equilibrium. (ii) Calculate the producer surplus at equilibrium. (iii) Calculate the deadweight loss if the government imposed a price floor of $60. (iv) is the imposition of the $60 price floor Pareto Optimal? Why? 120 100 Price ($) For the real 10 Demand 15 -Supply 20 25