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)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text: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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