The diagram to the right shows a market in which a price floor has been imposed. Identify the following (enter all values as integers). Q 5.25 a. The deadweight loss is s[ Supply b. The transfer of consumer surplus to producers is $| 4.25--A. Pnoor c. Producer surplus with this price floor is s в в3.25 d. Consumer surplus with this price floor is Ss[ D E 2.25 F Demand 1.25 35,000 70,000 Quantity Price

The diagram to the right shows a market in which a price floor has been imposed. Identify the following (enter all values as integers). Q 5.25 a. The deadweight loss is s[ Supply b. The transfer of consumer surplus to producers is $| 4.25--A. Pnoor c. Producer surplus with this price floor is s в в3.25 d. Consumer surplus with this price floor is Ss[ D E 2.25 F Demand 1.25 35,000 70,000 Quantity Price

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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