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This is for ECON-251 Chapter 6 Market: Pricing Ceiling, Floors, Taxes and Subsidies. I think I might do it wrong of calculating the consumer surplus
This is for ECON-251 Chapter 6 Market: Pricing Ceiling, Floors, Taxes and Subsidies. I think I might do it wrong of calculating the consumer surplus and producer surplus the triangle at top and bottom edge corner. I am also not sure about the search activity cost that should I calculate the square in the middle or also including the triangle of deadweight lost to calculate the trapezoid?
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