Question 3.1 Fill in the table below. That is, calculate equilibrium price and quantity, producer, consumer and social surplus. Show your answers also graphically in Excel. Beer market Equilibrium Price Equilibrium Quantity Consumer Surplus Producer Surplus Social Surplus

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Q1: Find equlibrium price and quantity, CS, PS and social surplus 

Question 3.1
Fill in the table below. That is, calculate equilibrium price and quantity, producer, consumer and social
surplus. Show your answers also graphically in Excel.
Beer market
Equilibrium Price
Equilibrium Quantity
Consumer Surplus
Producer Surplus
Social Surplus
Transcribed Image Text:Question 3.1 Fill in the table below. That is, calculate equilibrium price and quantity, producer, consumer and social surplus. Show your answers also graphically in Excel. Beer market Equilibrium Price Equilibrium Quantity Consumer Surplus Producer Surplus Social Surplus
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