Question: fUsing information from the graph describe what will happen to each of the following: a. What happens to the quantity demanded by buyers? [15 points}.


\fUsing information from the graph describe what will happen to each of the following: a. What happens to the quantity demanded by buyers? [15 points}. b. Who are the sellers who still sell and what happens to their producer surplus {15 points) c. Who are the sellers who no longer sell and what happens to their producer surplus? (15 points} d. Identify the consumers who now purchase the gas and describe how their consumer surplus changes (15 points} e. Which consumers no longer purchase the good and what happens to their consumer surplus? {15 points] f. Define deadweight loss and describe what happens to it. [15 points} g. Define dissipated loss and describe what happens to it. (15 points) h. What happens to the quantity supplied by sellers? [15 points}
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