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
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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