According to the following Figure, please answer P 16 12 8 5 2 . . S...

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According to the following Figure, please answer P 16 12 8 5 2 . . S D 20 40 60 According to this graph, how much is the consumer surplus when price is set at equilibrium (P = $8)? (use the area of triangle: Base x Height x ½/2) According to this graph, how much is the producer surplus when price is equal to its equilibrium level (P-$8)? (use the area of triangle: Base x Her x ½/2) In the graph, how much is dead weight loss at a price of P -$8 (equilibrium)? Now, according to this graph, how much is the consumer surplus when price is set above the equilibrium level at P-S12 (use the area of triangle: Base x Height x ½/2) According to this graph, how much is the producer surplus when price is equal at P= $12? (Use the area of a triangle and the area of a rectangle, length x length) In the graph, how much is deadweight loss at a price of $12? (use the area of a triangle) According to the following Figure, please answer P 16 12 8 5 2 . . S D 20 40 60 According to this graph, how much is the consumer surplus when price is set at equilibrium (P = $8)? (use the area of triangle: Base x Height x ½/2) According to this graph, how much is the producer surplus when price is equal to its equilibrium level (P-$8)? (use the area of triangle: Base x Her x ½/2) In the graph, how much is dead weight loss at a price of P -$8 (equilibrium)? Now, according to this graph, how much is the consumer surplus when price is set above the equilibrium level at P-S12 (use the area of triangle: Base x Height x ½/2) According to this graph, how much is the producer surplus when price is equal at P= $12? (Use the area of a triangle and the area of a rectangle, length x length) In the graph, how much is deadweight loss at a price of $12? (use the area of a triangle)

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P 16 12 8 5 B when price A B DE F DANAVEL A when price is 8 Consumer supplyes A B C 40 1 x ... View the full answer