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Suppose the local government imposes a price floor equal to $350$350 onchoogaluggas. Move the price floor line to reflect this change, then use the graph

Suppose the local government imposes a price floor equal to $350$350 onchoogaluggas.

Move the price floor line to reflect this change, then use the graph to complete the three calculations.

Calculate consumer surplus without the price floor

Supply 500 450 400 350 300 Price floor Price (U.S. dollars) 250 200 150 100 50 Demand 0 50 100 150 200 250 300 350 400 450 500 Quantity of choogaluggas

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