1. DOES CONSUMER SURPLUS GO UP OR DOWN? 2. DOES PRODUCER SURPLUS GO UP OR DOWN? MPCO (So) 3. COMMENT ON THE WINNERS Eo MPC1 (S,) OR LOSERS - AND INCLUDE IN Po YOUR ANSWER THE RELATIVE GAIN OR LOSS BETWEEN Pt BUYERS AND SELLERS? B MPB (Do) 4. WOULD YOUR ANSWER TO 3 BE DIFFERENT IF THE SUPPLY 90 91 AND DEMAND CURVES LOOK Quantity DIFFERENT? COMMENT ON ELASTICITIES OF SUPPLY AND DEMAND. Price
1. DOES CONSUMER SURPLUS GO UP OR DOWN? 2. DOES PRODUCER SURPLUS GO UP OR DOWN? MPCO (So) 3. COMMENT ON THE WINNERS Eo MPC1 (S,) OR LOSERS - AND INCLUDE IN Po YOUR ANSWER THE RELATIVE GAIN OR LOSS BETWEEN Pt BUYERS AND SELLERS? B MPB (Do) 4. WOULD YOUR ANSWER TO 3 BE DIFFERENT IF THE SUPPLY 90 91 AND DEMAND CURVES LOOK Quantity DIFFERENT? COMMENT ON ELASTICITIES OF SUPPLY AND DEMAND. Price
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Consumers, Producers, And The Efficiency Of Markets
Section: Chapter Questions
Problem 1PA
Related questions
Question
![1. DOES CONSUMER SURPLUS
GO UP OR DOWN?
A
2. DOES PRODUCER SURPLUS
GO UP OR DOWN?
MPCO (So)
3. COMMENT ON THE WINNERS
Eo
MPC1 (S,)
OR LOSERS - AND INCLUDE IN
YOUR ANSWER THE RELATIVE
F.
GAIN OR LOSS BETWEEN
Pt
BUYERS AND SELLERS?
E
B
MPB (Do)
4. WOULD YOUR ANSWER TO 3
90
91
BE DIFFERENT IF THE SUPPLY
AND DEMAND CURVES LOOK
Quantity
DIFFERENT? COMMENT ON
ELASTICITIES OF SUPPLY AND
DEMAND.
Price](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2b29bd17-0ffe-42b8-ae13-65fb8f756ea2%2F08ecfee0-dd2f-4d35-902d-66b3dc4accdc%2Fgp5tlpq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. DOES CONSUMER SURPLUS
GO UP OR DOWN?
A
2. DOES PRODUCER SURPLUS
GO UP OR DOWN?
MPCO (So)
3. COMMENT ON THE WINNERS
Eo
MPC1 (S,)
OR LOSERS - AND INCLUDE IN
YOUR ANSWER THE RELATIVE
F.
GAIN OR LOSS BETWEEN
Pt
BUYERS AND SELLERS?
E
B
MPB (Do)
4. WOULD YOUR ANSWER TO 3
90
91
BE DIFFERENT IF THE SUPPLY
AND DEMAND CURVES LOOK
Quantity
DIFFERENT? COMMENT ON
ELASTICITIES OF SUPPLY AND
DEMAND.
Price
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