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Economics 1st Edition by Dean Karlan,Jonathan Morduch
النسخة 1الرقم المعياري الدولي: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
النسخة 1الرقم المعياري الدولي: 978-0073511498 تمرين 23
Use the areas labeled in the market represented in Figure 5P-7 to answer the following questions.
a. What area(s) are consumer surplus at the market equilibrium price?
b. What area(s) are producer surplus at the market equilibrium price?
c. Compared to the equilibrium, what area(s) do consumers lose if price is P 2 ?
d. Compared to the equilibrium, what area(s) do producers lose if the price is P 2 ?
e. Compared to the equilibrium, what area(s) do producers gain if the price is P 2 ?
f. Compared to the equilibrium, total surplus decreases by what area(s) if the price is P 2 ?
a. What area(s) are consumer surplus at the market equilibrium price?
b. What area(s) are producer surplus at the market equilibrium price?
c. Compared to the equilibrium, what area(s) do consumers lose if price is P 2 ?
d. Compared to the equilibrium, what area(s) do producers lose if the price is P 2 ?
e. Compared to the equilibrium, what area(s) do producers gain if the price is P 2 ?
f. Compared to the equilibrium, total surplus decreases by what area(s) if the price is P 2 ?
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Figure:
Figure -1 illustrates the equil...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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