Question
Determine the level of consumer surplus at the market equilibrium.Please round and write the answer to one cent, for example $2.43 or $0.56.Use a minus
Determine the level of consumer surplus at the market equilibrium.Please round and write the answer to one cent, for example $2.43 or $0.56.Use a minus sign to indicate if the number is negative.
Determine the level of producer surplus at the market equilibrium.Please round and write the answer to one cent, for example $2.43 or $0.56.Use a minus sign to indicate if the number is negative.
Suppose the government sets a price ceiling of $50 in this market.What is the maximum level of consumer surplus with the price ceiling?Please round and write the answer to one cent, for example $2.43 or $0.56.Use a minus sign to indicate if the number is negative.
Suppose the government sets a price ceiling of $50 in this market.What is the minimum level of deadweight loss with the price ceiling? Please round and write the answer to one cent, for example $2.43 or $0.56.Use a minus sign to indicate if the number is negative.
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