Question: Create a supply and demand graph based on these coordinates. Add $4 price floor and match correct answers to the questions. Price Demand Supply $3
Create a supply and demand graph based on these coordinates. Add $4 price floor and match correct answers to the questions. Price Demand Supply $3 4 4 $2 5 2 Column A 1. New equilibrium quantity, $: New equilibrium quantity, $ 2. Consumer Surplus at new equilibrium, $: Consumer Surplus at new equilibrium, $ 3. Total revenue at new equilibrium, $: Total revenue at new equilibrium, $ 4. Deadweight loss, $: Deadweight loss, $ Column B a.1 b.4.5 c.12 d..75 e.3Create a supply and demand graph based on these coordinates. Add $2 price ceiling and match correct answers to the questions. Price Demand Supply $3 4 4 $2 5 2 Column A 1. Total revenue (with ceiling imposed)? $: Total revenue (with ceiling imposed)? $ 2. Deadweight loss (with ceiling imposed)? $: Deadweight loss (with ceiling imposed)? $ 3. Consumer Surplus (with ceiling imposed)? $: Consumer Surplus (with ceiling imposed)? $ 4. Producer Surplus (with ceiling imposed)? $: Producer Surplus (with ceiling imposed)? $ 5. Equilibrium quantity (with ceiling imposed)? $: Equilibrium quantity (with ceiling imposed)? $ Column B a.8 b.2 c.4 d.1 e.5 f.3
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