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Hey can you help me with we're I went wrong Suppose the graph depicts a hypothetical market for concert tickets at a local college venue.

Hey can you help me with we're I went wrong

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Suppose the graph depicts a hypothetical market for concert tickets at a local college venue. Because students Market for Concert Tickets 100 are paying such high prices, a price ceiling of $40 per S concert is being considered. DO Move the price ceiling line to correctly depict the price 80 ceiling of $40. 70 By how much does consumer surplus (CS) change if the 8 50 price ceiling is imposed? 40 Price ceiling 30 20 700 10 Incorrect 10 20 30 40 50 60 70 80 90 100 Quantity (tickets) By how much does producer surplus (PS) decrease if the price ceiling is imposed? 200 Incorrect What is the value of the deadweight loss (DWL) associated with this price ceiling? $ 100

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