Problems W GA Table Of Contents X genicialeu. Contents Bookmarks Recent 3.1 Use the following diagram to calculate total consumer surplus at a price of $12 and production of 500,000 flu vaccinations per day. For the same equilibrium, calculate total (0> 4.2: Supply and Demand Analysis: Tariffs (Tax) producer surplus. Assuming the price remained at $12, but production was cut to Q 200,000 vaccinations per day, calculate producer surplus and consumer surplus. > 43: Supply and Demand and Market Efficiency Calculate the deadweight loss from underproduction. Summary: Demand and Supply Applications Review Terms and Concepts 24 Problems 20 S Critical Thinking Questions Price per vaccination ($) 16 AA > 5c Elasticity 12 6: Household Behavior and Consumer Choice (Part II: The Market System) 4 > 6 Appendix: Indifference Curves D 0 100 200 300 400 500 600 700 800 900 Hide 7: The Production Process: The Behavior of Profit- Maximizing Firms Thousands of vaccinations per day