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8. [-/8 Points] DETAILS QIANBUSCALC2 5.1.058. MY NOTES ASK YOUR TEACHER This is Section 5.1 Problem 58: Refer to Exercise #50: A price control will
8. [-/8 Points] DETAILS QIANBUSCALC2 5.1.058. MY NOTES ASK YOUR TEACHER This is Section 5.1 Problem 58: Refer to Exercise #50: A price control will be imposed that sets the price of each pair of the running shoes at no less than $90. Answer the following: ---Select--- pairs of running shoes will be sold at that price. (Round (a) The price control will affect the market with to an integer.) (b) The producer's surplus at that demand is $ . (Round to an integer.) (c) The consumers' surplus at that demand is $ (Round to an integer.) (d) The total surpluses at that demand is $ (Round to an integer.) , the new (e) Compare the results from (b) -- (d) to those in Exercise #50, we conclude that the new producer's surplus is ---Select--- consumers' surplus is ---Select--- , and the new total surpluses is ---Select--- . Hint: Follow Example 9. 8. [-/8 Points] DETAILS QIANBUSCALC2 5.1.058. MY NOTES ASK YOUR TEACHER This is Section 5.1 Problem 58: Refer to Exercise #50: A price control will be imposed that sets the price of each pair of the running shoes at no less than $90. Answer the following: ---Select--- pairs of running shoes will be sold at that price. (Round (a) The price control will affect the market with to an integer.) (b) The producer's surplus at that demand is $ . (Round to an integer.) (c) The consumers' surplus at that demand is $ (Round to an integer.) (d) The total surpluses at that demand is $ (Round to an integer.) , the new (e) Compare the results from (b) -- (d) to those in Exercise #50, we conclude that the new producer's surplus is ---Select--- consumers' surplus is ---Select--- , and the new total surpluses is ---Select--- . Hint: Follow Example 9
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