The sugar market has a supply curve with formula: Ps = 5 + 0.1Qs, and demand curve: Pd = 68-0.32QdThe government imposes a price floor of 22.9Approximately what is the dead weight loss?108631411417 The sugar market has a supply curve with formula: Ps = 5 + 0.1Qs, and demand curve: Pd = 68-0.32QdThe government imposes a price floor of 22.9Approximately what is the new consumer surplus?317816101592132246

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The sugar market has a supply curve with formula: Ps= 5 +0.1Qs, and demand curve: Pd = 68-0.32Qd The government imposes a price floor of 22.9 Approximately what is the dead weight loss? 108 63 141 14 O 17

The sugar market has a supply curve with formula: Ps= 5 +0.1Qs, and demand curve: Pd = 68-0.32Qd The government imposes a price floor of 22.9 Approximately what is the dead weight loss? 108 63 141 14 O 17

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The sugar market has a supply curve with formula: Ps = 5 + 0.1Qs, and demand curve: Pd = 68-0.32Qd
The government imposes a price floor of 22.9
Approximately what is the dead weight loss?
108
63
141
14
17

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