Beef Market<\/p>
QD = 599,950 - 1.50P<\/p>
QS = -50 + 3.5P<\/p>
Q = quantity (ton)<\/p>
P = price (Rp\/kg)<\/p>
<\/p>
Question:<\/p>
What will be the welfare impact if the government imposes a minimum price of beef Rp 150,000\/kg (change in CS, PS, G)<\/p>
If the government has to buy the excess supply, what is the government expenditure?<\/p>", "transcribed_text": "", "related_book": { "title": "Auditing and Assurance Services", "isbn": "978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343", "edition": "6th edition", "authors": "Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/332.jpg", "uri": "\/textbooks\/auditing-and-assurance-services-6th-edition-332", "see_more_uri": "" }, "free_related_book": { "isbn": "3030376958", "uri": "\/textbooks\/statistics-in-clinical-and-observational-vaccine-studies-2nd-edition-9783030376956", "name": "Statistics In Clinical And Observational Vaccine Studies", "edition": "2nd Edition" }, "question_posted": "2024-06-13 00:08:36", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/data-set-mice-a-using-the-data-for-the-male", "description": "Data set: Mice a. 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In this discussion, you will have the opportunity to consider some of the IMF's actions and determine...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/what-does-arendt-mean-by-terrifyingly-normal-a-joiner-and-2875355", "next": "\/study-help\/questions\/strategies-might-ldcs-adopt-to-make-private-foreign-investment-fit-2875357" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Economics", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-economics" }, { "name": "Beef Market QD = 599,950 - 1.50P QS = -50 + 3.5P", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/beef-market-qd-599950-150p-qs-50-2875356" } ], "skill_details": { "skill_id": "12", "skill_name": "Economics", "parent_id": "1" } } } }