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Unformatted text preview: a. [10/15] / [.04] or [10/15] / [.32/8.16] both yield about 16.6666 4. (question 5 from Tuesday) Question is asking for Dead weight loss (DWL): (25-4) * (100-40) * ½ a. No effect (ceiling is above market price) b. No effect (ceiling is right at market price) 5. Question 6 from Tuesday; a. The demand curve would shift down (population increase) b. 0 (perfectly inelastic)...
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This note was uploaded on 07/01/2011 for the course ECO 304K taught by Professor Hickenbottom during the Fall '10 term at University of Texas at Austin.
- Fall '10