SOLUTION: Qs = -2 + 8P and Qd = 38- 2P, what is the equilibrium price : I got 4 for price and 30 for quantity Calculate producer surplus at the equilibrium price and quantity: Calcula

Question 1051485: Qs = -2 + 8P and Qd = 38- 2P, what is the equilibrium price : I got 4 for price and 30 for quantity
Calculate producer surplus at the equilibrium price and quantity:
Calculate the deadweight loss at the equilibrium price and quantity
If a price floor of $10 is implemented, calculate the deadweight loss
If a price floor of $10 is implemented, how much are consumers hurt by this policy relative to the equilibrium outcome
If a price floor of $10 is implemented, calculate the producer surplus
If a price floor of $3 is implemented, calculate consumer surplus
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

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John

My calculator said it, I believe it, that settles it

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