The table shows the demand and supply schedules for tacostacos. If the quantity demanded of tacos decreases by 400 per hour at each price, the new price of a taco is $2.00.Total surplus decreases by $_____?. Price(dollars per taco)Quantity demandedQuantity supplied(tacostacos per hour)080001.007001002.006002003.005003004.004004005.003005006.002006007.001007008.000800 Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.

CS is the area between the dd curve and the price level for all units of the goods purchased.PS is…

Answered: The table shows the demand and supply…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The table shows the demand and supply schedules for tacostacos. If the quantity demanded of tacos decreases by 400 per hour at each price, the new price of a taco is $2.00.

Total surplus decreases by $_____?.

Price (dollars per taco)	Quantity demanded	Quantity supplied
(tacostacos per hour)
0	800	0
1.00	700	100
2.00	600	200
3.00	500	300
4.00	400	400
5.00	300	500
6.00	200	600
7.00	100	700
8.00	0	800

Note:-

Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.

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