Using the information contained in this diagram:
(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 $60 price flor optimal? why?
Price ($) 120 100 80 60 40 20 (10 Demand 15 Supply 20
Using the information contained in this diagram: (i)calculate the consumer surplus at equilibrium (ii) Calculate the pro
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