Price ($) 6 5 4 3 2 1 1 2 3 4 S = MC D = MB 5 6 ust enter the value, not the "$". n the figure above suppose total output is restricted to 1 unit but the market price remains unchanged. At the equilibrium price, consumer surplus is $ , producer surplus is and deadweight loss is $ Quantity (Units)

Price ($) 6 5 4 3 2 1 1 2 3 4 S = MC D = MB 5 6 ust enter the value, not the "$". n the figure above suppose total output is restricted to 1 unit but the market price remains unchanged. At the equilibrium price, consumer surplus is $ , producer surplus is and deadweight loss is $ Quantity (Units)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Don't hand writing solution.

Price ($)
6
5
4
3
2 F
1
i
$
1
1
1
I
2
3
I
4
S = MC
D = MB
I
N
5 6
In the figure above suppose total output is restricted to 1 unit but the market price remains
unchanged. At the equilibrium price, consumer surplus is $
producer surplus is
Just enter the value, not the "$".
and deadweight loss is $
Quantity
(Units)

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