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29 Sep 2019
Consider a market where supply and demand are given by QXS = -10 + PX and QXd = 68 - 2PX. Suppose the government imposes a price floor of $30 and agrees to purchase and discard any and all units consumers do not buy at the floor price of $30 per unit. b. Compute the lost social welfare (deadweight loss) that stems from the $30 price floor.
Consider a market where supply and demand are given by QXS = -10 + PX and QXd = 68 - 2PX. Suppose the government imposes a price floor of $30 and agrees to purchase and discard any and all units consumers do not buy at the floor price of $30 per unit. b. Compute the lost social welfare (deadweight loss) that stems from the $30 price floor.
7 May
7 Dec 2020
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