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I want to ask you the two questions that I made incorrect answers. Suppose the graph depicts a hypothetical market for concert tickets at a

I want to ask you the two questions that I made incorrect answers.
Suppose the graph depicts a hypothetical market for concert tickets at a local college venue. Because students are paying such high prices, a price ceiling of $40 per concert is being considered. Move the price ceiling line to correctly depict the price ceiling of $40. By how much does consumer surplus {CS} change if the price ceiling is imposed? Incorrect By howr much does producer surplus {PS} decrease if the price ceiling is imposed? Inrnr'rprl' Pce ti.) 100 90 SCI TO 60 50 4D 30 20 10 CI E} Market for Concert Tickets Price ceiling 1D 20 30 4D 50 ED Quanlily (tickets) 7'0 SCI 90 \"IUD

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