Question: Solve clearly D Question 9 10 pts Note: If there is an increase, then the change is positive and you should enter a positive number.

Solve clearly

D Question 9 10 pts Note: If there is an increase, then the change is positive and you should enter a positive number. If there is a decrease, then the change is negative and you should enter a negative number. Assume a perfectly competitive market with MWTP(Q)=54-Q and MC(Q)=18+Q. What is the change in consumer surplus resulting from a price ceiling at $34? Round to two decimal places and do not include a currency symbol. If your answer is -$1.275, enter -1.28. Also, you may need to assume that the highest MWTP get the good or that the lowest MC supply the good. Previous Next

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