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Market Equilibrium Assignment | Homework For You

Author:
February 22nd, 2020

The figure below shows a market in equilibrium.Homework For You

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Price ($) Tools DWL Floor 1 DWL Floor 2 Floor2 Floor 1 4 8 12 16 20 24 28 Quantity

a. Draw a price floor at $12. Instructions: Use the tool provided (Floor) to draw the price floor. Place your endpoints at Q=0 and Q=24

The amount of surplus at this price is

a. Draw a price floor at $12. Instructions: Use the tool provided (Floor) to draw the price floor. Place your endpoints at Q=0 and Q=24 The amount of surplus at this price is The deadweight loss is

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b. Draw a price floor at $28. Instructions: Use the tool provided (Floor2) to draw the price floor. Place your endpoints at Q=0 and Q=24 The amount of surplus at this price is

b. Draw a price floor at $28. Instructions: Use the tool provided (Floor2) to draw the price floor. Place your endpoints at Q=0 and Q=24

The amount of surplus at this price is Draw the deadweight loss associated with this price floor. Instructions: Use the tool provided (DWL) to draw the deadweight loss for a price floor of $28. Place your endpoints at Q=0 Q=24 The deadweight loss is. Get Economics homework help today

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