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I need help on these 2 microeconomics questions: Use the following information to answer the next two (2) questions. Consider the Consider the market for

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I need help on these 2 microeconomics questions:

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Use the following information to answer the next two (2) questions. Consider the Consider the market for gasoline. The supply and demand curves, measured in gallons, are represented by the following equations: Supply for Gasoline: Q = 4P Demand for Gasoline: Q = 200 P Question 24 (4 points) Suppose the government sets a price ceiling of $20 per gallon of gasoline in this market. The value of consumer surplus after implementing this price ceiling is _____ . Of the original producer surplus, after the implementation of the price ceiling, O $3,200; $1,600 is lost to deadweight loss O $14,400; $2,800 is lost to deadweight loss 0 $3,200; the new producer surplus is now $800 0 $1,600 less than the initial value of consumer surplus; $1,600 is "captured" by consumers Question 25 (4 points) The government wants to understand how the implementation of this price ceiling affects the total surplus in the market. What is the net change in total surplus (i.e. what is the difference between the total surplus without the price ceiling minus the total surplus with the price ceiling) after the implementation of this government policy? 0 Total surplus increases by $8,000 0 Total surplus decreases by $4,000 0 Total surplus increases by $4,000 0 Total surplus decreases by $8,000 0 Total surplus does not change

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