The diagram to the right shows a market in which a price floor has been imposed. Identify the following (enter all values as integers). a. The deadweight loss is $. b. The transfer of consumer surplus to producers is $ c. Producer surplus with this price floor is $ d. Consumer surplus with this price floor is $ 5.00 4.00A. 3.00 อ้วนd 2.00 1.00 B D F с E 30,000 60,000 Quantity Supply Pfloor Demand

The diagram to the right shows a market in which a price floor has been imposed. Identify the following (enter all values as integers). a. The deadweight loss is $. b. The transfer of consumer surplus to producers is $ c. Producer surplus with this price floor is $ d. Consumer surplus with this price floor is $ 5.00 4.00A. 3.00 อ้วนd 2.00 1.00 B D F с E 30,000 60,000 Quantity Supply Pfloor Demand

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter7: Market Efficiency And Welfare

Section: Chapter Questions

Problem 1P

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