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Assume a perfectly competitive market with MWTPlQ)=52Q and MClQ)=14+Q. What is the change in consumer surplus resulting from a price ceiling at $23? Round to
Assume a perfectly competitive market with MWTPlQ)=52Q and MClQ)=14+Q. What is the change in consumer surplus resulting from a price ceiling at $23? Round to two decimal places and do not include a currency symbol. If your answer is -$'_|.275, enter -1.28. Also, you may need to assume that the highest MWTP get the good or that the lowest MC supply the good
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