Question: P = 2 + q s P = 2 2 - 4 q d 0 P = 2 7 - 4 q d 1 Label

P=2+qs
P=22-4qd0
P=27-4qd1
Label and calculate CS and PS under the old (0) scenario and after the demand shift (1).
(Hint: CS and PS in this example should be triangles.)
Calculate the change in CS and the change in PS due to the demand shift.
P=2+qs P=22-4qd0 P=27-4qd1 Label and calculate CS and PS under the

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