The diagram to the right shows a market in which a price floor has been imposed. Identify the following (enter all values as integers). a. The deadweight loss is b. The transfer of consumer surplus to producers is $ c. Producer surplus with this price floor is d. Consumer surplus with this price floor is $ CECCE 6.00 5.00-A 84.00 3.00.... 2.00k B D FL U E ***

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter7: Market Efficiency And Welfare
Section: Chapter Questions
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The diagram to the right shows a market in which a price
floor has been imposed. Identify the following (enter all
values as integers).
a. The deadweight loss is $
b. The transfer of consumer surplus to producers is $
c. Producer surplus with this price floor is $
d. Consumer surplus with this price floor is S
CEIDS
6.00
5.00 A
84.00
Price
3.00
2.00
B
D
F
LL
C
LU
30,000 60,000
Quantity
Supp
PRK
Dema
Transcribed Image Text:The diagram to the right shows a market in which a price floor has been imposed. Identify the following (enter all values as integers). a. The deadweight loss is $ b. The transfer of consumer surplus to producers is $ c. Producer surplus with this price floor is $ d. Consumer surplus with this price floor is S CEIDS 6.00 5.00 A 84.00 Price 3.00 2.00 B D F LL C LU 30,000 60,000 Quantity Supp PRK Dema
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