Multiple ChoiceThe supply and demand curves for a product are as follows. What is producer surplus if a price floor of $21 is set? QD = 45 – 2P QS = -15 + P159views
Multiple ChoiceThe supply and demand curves for a product are as follows. What is deadweight loss if a price ceiling of $2 is set? QD = 600 – 100P QS = -150 + 150P149views