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![Calculate the surplus caused by the price floor.
Provide your answer below:
for Dusters of wi
bushels of wheat
Price Quantity Supplied Quantity Demanded
$2
$6
$10
$14
$18
1,100
6,300
11,500
16,700
21,900
20,900
16,200
11,500
6,800
2,100
four set at $14 for a busnel of wheat](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fefcc5b23-f4c3-401c-82cc-ff2cc00d7833%2F6f71547b-1b58-471d-a00d-09525c795a31%2F9y45mwl_processed.jpeg&w=3840&q=75)
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- The following table gives the demand and supply schedules for gadgets Quantity Demanded Price Quantity Supplied 30 $25 $20 90 210 110 190 130 170 $15 150 150 $10 170 130 The equilibrium price in this market is S6 The equilbrium quantity in this market isunits H the price in this market was $25 there would be a unitsWhat is the consumer surplus is you buy a 65 inch 4K tv you have wanted for $50.Explain the difference between Consumer and producer surplus?
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- The table below represents the market for DVDS. Quantity of DVDS Demanded (Millions) Price Quantity of DVDS Supplied (Millions) (S) $2 30 3 25 10 4 20 20 15 30 9. 10 40 50 8 60 The value of cansumer surplus is $ million. (Enter your response as an integer.)Using the table below answer the following question Price Quantity demanded Quantity supplied $300 60 30 $400 55 40 $500 50 50 $600 45 60 $700 40 70 $800 35 80 In response, to lobbying by the skate board association, the government places aprice ceiling at the price of $700 on skate boards. What will this have on the marketfor skate boards? Explain your answerges Table Illustrations Add-ins Media Links Comment Header & Text Symbols Footer 7 b_Kad 2.xlsx Price 10t Supply 6 3+.... Demand Shots 60 120 160 210 300 Quantity 27. Refer to the graph above. With an effective price ceiling at $3, the quantity supplied: A) falls from 210 to 120. B) falls from 120 to 60. C) increases from 120 to 210. D) increases from 60 to 120. la_Kac II_2 28. Refer to the graph above. With the effective price ceiling the quantity bought is: A) 60 B) 210 c) 160 d) 120 29. Refer to the graph above. With the effective price ceiling at $3, total consumer surplus will be: A) $240 B) $360 d) S300 d) $150 ductio Shot 7.01 PM
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