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Refer to graph below to answer the following questions a. Identify the areas that represent consumers' surplus at the equilibrium price of PE. b. Identify

Refer to graph below to answer the following questions

a. Identify the areas that represent consumers' surplus at the equilibrium price of PE.

b. Identify the areas that represent consumers' surplus if there is a price ceiling of Pc.

c. Identify the areas that represent deadweight loss due to a price ceiling set at PC.

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d. A subsidy for the production of computers 3. Refer to graph below to answer the following questions P 2 L - PE 5 8 Pc D1 Q 0 Q3 Q1 Q2 a. Identify the areas that represent consumers' surplus at the equilib b. Identify the areas that represent consumers' surplus if there is a p

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