Question
Graph the following: A long time ago in a galaxy far, far away.... During the High Republic, Courscant experienced drastic changes as refugees from the
Graph the following:
A long time ago in a galaxy far, far away....
During the High Republic, Courscant experienced drastic changes as refugees from the Eiram-E'ronoh crisis flooded into the planet. The hypermatter fuel marketwas in equilibrium before the refugee crisis at 10 credits* per gallon. There is also a price ceiling of 13 credits per gallon on the market. After the refugee crisis, the market changes so the equilibrium price of hypermatter fuel would be 15 credits per gallon.In your graph, be sure to include consumer surplus, producer surplus, deadweight loss (if there is any) in addition to equilibrium price and quantity
*credits can be treated like dollars. They are a unit of currency NOT actual credit.
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