3- In the following graph, write any number for equilibrium price and equilibrium quantity and calculate: Consumer surplus Producer surplus Total surplus Government revenue Deadweight loss Page 1 of 5 Figure 3 How a Tax Effects Welfare 40 Supply A. 20 B E D F Demand 100 Quantity Co ena

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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3- In the following graph, write any number for equilibrium price and equilibrium quantity and
calculate:
Consumer surplus
Producer surplus
Total surplus
Government revenue
Deadweight loss
Page 1 of 5
Figure 3 How a Tax Effects Welfare
40
Supply
A
20
B
D
F
Demand
100
Quantity
Sus so e
Transcribed Image Text:3- In the following graph, write any number for equilibrium price and equilibrium quantity and calculate: Consumer surplus Producer surplus Total surplus Government revenue Deadweight loss Page 1 of 5 Figure 3 How a Tax Effects Welfare 40 Supply A 20 B D F Demand 100 Quantity Sus so e
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