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Unformatted text preview: one decimal place. Round prices and surpluses to two decimal places. New lev el of c ons umer s urplus Am ount ($)
96 ± 0.05 billion New lev el of produc er s urplus 25.6 ± 0.05 billion New lev el of aggregate s urplus 121.6 ± 0.05 billion Deadweight los s
http://e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie wSingle 2.86 ± 0.05 billion
1/2 1/19/2014 Assignme nt Pr int Vie w Explanation:
Without government intervention, the equilibrium price is P = $4.57 per bushel and the equilibrium quantity is
Q = 18.86...
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This note was uploaded on 01/22/2014 for the course ECO 3352 taught by Professor Ax during the Fall '13 term at Troy.
- Fall '13