Question: Please answer Question 6 Question 4 4 pts Consider again the perfectlvr competitive market for smoothies described in the previous question. At the competitive equilibrium

Please answer Question 6

Question 4 4 pts Consider again the perfectlvr competitive market for smoothies described in the previous question. At the competitive equilibrium vou derived in previous question {and assuming there are no market failures in the smoothie market}. the producer surplus in the smoothie market is $ 'io . the oonsumer surplus is $' W . the total surplus is $ ' am |. and the deadweight loss is $' 0 !. [Please enter onfv numbers in the boxes. and round to the nearest whole number if necessanv.) Queson 5 5 pts Consider again the perfectlv competitive market for smoothies described in the previous questions. The mavor of Anteatervilie toves smoothies. but feels thev are too expensive. She decides to cap the price of each smoothie at $1.50. At a price of $1.5 per smoothie. producers will be willing to supplv' 12\" smoothies. Given the new price and the qua mitt.r supplied in the smoothie market. the producer surplus is $ ' 3\" L the consumer surplus is $' 49 . the total surplus is $ 'T'? . and the deadweight loss is 35' 9 . [Please enter oniv numbers in the boxes. and round to the nearest whole number if necessarvj Question 15 3 pts The $1.50 per smoothie price cap in the previous question redistributed surplus from ' increased V 'deadweight loss
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