Question
59. (Figure 3.22) Suppose the government sets a price floor of $35. a. What are the values of consumer surplus before and after the
59. (Figure 3.22) Suppose the government sets a price floor of $35. a. What are the values of consumer surplus before and after the price change? b. What are the values of the producer surplus before and after the price change? What is the value of the deadweight loss? Bos of paper (S/bex) S70- 60 50- 40 35 30 20 10- :345678 9 10 Quantity of boses (100s/day)
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
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