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f17. Using the figure above. Assume that there are no market distortions in this market. Calculate the Producer Surplus. (A) $8.00. (B) $4.00. (C) $2.00.
\f17. Using the figure above. Assume that there are no market distortions in this market. Calculate the Producer Surplus. (A) $8.00. (B) $4.00. (C) $2.00. (D) $6.00. 18. Using the figure above. Assume that there is a price floor of $9 put on this market. What is the Consumer Surplus? (A) $2.00. (B) $3.00. (C) $1.50. (D) $0.50. 19. Using the figure above. Assume that there is a price floor of $9 put on this market. What is the dead weight loss? (A) $5.00. (B) $2.50. (C) $1.50. (D) $8.00. 20. Using the figure above. Assume that there is a price floor of $9 put on this market. What is the increase in Producer Surplus? (A) $3.00. (B) $2.00. (C) $1.00
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