Module 5 Number 14 part d

Module 5 Number 14 - surplus Price Quantity Supplied Quantity 18 25 5 16 20 10 14 15 15 12 10 20 10 5 25 8 30

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Suppose that a price ceiling of $12 was imposed. How would this change the consumer and producer surplus? Suppose a price floor of $16 was imposed. How would this change the consumer and producer
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Unformatted text preview: surplus? Price Quantity Supplied Quantity Demanded 20 30 18 25 5 16 20 10 14 15 15 12 10 20 10 5 25 8 30...
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This note was uploaded on 08/04/2011 for the course ECN 601 taught by Professor Professor during the Spring '10 term at Grand Canyon.

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