Ch. 5 - Consumer and Producer Surplus; Price Ceilings and Price FloorsWorksheetSee all chapters
Practice: The supply and demand curves for a product are as follows. What is producer surplus if a price floor of $21 is set? QD = 45 – 2P QS = -15 + P Practice: The supply and demand curves for a product are as follows. What is deadweight loss if a price ceiling of$2 is set?