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Shortage, Surplus and Gov't. Price Controls Hint: not all Letters shown on the graph are used for answers... Yes, I'm trying to trick you! $P
Shortage, Surplus and Gov't. Price Controls Hint: not all Letters shown on the graph are used for answers... Yes, I'm trying to trick you! $P IL 100% Whole Wheat sumo Sainjun S $5.00 W B $3.50 $3.00 - + Y $2.00 Nature's $1.00 T 100% Whole Wheat Our Promise. hill dot Com e F I H IC D iG 13g 50 75 100 125 Q Whole Grain 160 175At the off-equilibrium Price of $ 5.00, 6. What Area shows Total Revenue (Total Expenditures)? 7. What Area shows Total Cost (to Seller)? 8. What Area shows Total Maximum Value (to Buyer)? 9. What Area shows Prot (to Seller)? 10. What Area shows Consumer Surplus (to Buyer)? 11. What Area shows Social Surplus (total Trade Gains)? 12. What Area shows the Social Waste (lost trade-gains) due to the Price Control imposed by legal force on the traders
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