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A Pi P. F D D Figure 1 Figure 1 represents the case of a price floor, denoted Pr. Without any controls, the equilibrium price would have been Pe. Consider Figure 1 for Questions 45 to 50.

A Pi P. F D D Figure 1 Figure 1 represents the case of a price floor, denoted Pr. Without any controls, the equilibrium price would have been Pe. Consider Figure 1 for Questions 45 to 50.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please answer the all questions 45,46,47,48,49,50!!!!!!!!!!!


45. Before the price controls, the consumer surplus is:
a) A+B+E    b) C+D+F    c) A+B+C      d) D
46. Before the price controls, producer surplus is:
a) A+B+E    b) C+D+F    c) A+B+C      d) D
47. After the price controls, the consumer surplus is:
a) A             b) C+D+F      c) B+C+D    d) D
48. After the price controls, producer surplus is:
a) A               b) C+D+F    c) B+C+D    d) D
49. The impact of the price control on producer surplus is:
a) -C-F          b) E+F             c) B-F      d) C+F
50. The deadweight loss caused by the price control is:
a) -C-F           b) -E-F            c) -B-E      d ) C+F

A Pi P. F D D Figure 1 Figure 1 represents the case of a price floor, denoted Pr. Without any controls, the equilibrium price would have been Pe. Consider Figure 1 for Questions 45 to 50.
Transcribed Image Text:A Pi P. F D D Figure 1 Figure 1 represents the case of a price floor, denoted Pr. Without any controls, the equilibrium price would have been Pe. Consider Figure 1 for Questions 45 to 50.
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