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can u answers all these questions? many thanks QUESTION THREE Consider the following market for good X. The government is persuaded by producer groups to

  1. can u answers all these questions? many thanks

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QUESTION THREE Consider the following market for good X. The government is persuaded by producer groups to impose a price oor of $16 per good X. P (35) 50 16 12.50 11.33 U 136 150 192 200 Q PART A (3 MARKS) Calculate the size of the consumer. producer and economic surpluses at the market equilibrium. PART B (3 MARKS) Calculate the new consumer. producer and economic surpluses after the price floor has been imposed. PART 0 (4 MARKS) Who is better offMorse off after the price floor has been imposed? Discuss. PART 0 (1 MARK) After the price oor has been imposed. explain whether there is a shortage or a surplus of goods and quantify Its size. PART E ( 4 MARKS) Discuss the issues created from the shortage or surplus of goods identied in question {d} above

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