Answers
(as Total Revenue Consumer al Revenue received by sellers = Gole $30x 60 = 11800 sumer I Deadweight surplus ar I ODEF) = X 60x315 brice - 1900 educer surples- ar lOFEO) s+- AZ = x 60x30 - 9900 K Total Economic surplus - cs+PS = $900 + to Quantity 120 $900= $1800 6) is Total Rev. received by sellers 30x45- &1350. Consumer surplus = are (ODxY) = (x30x (60-45) = Ix Box 15 = q 225. Producer Surplus = 4.300 (45-17) + 1 x 3 x 15 - 30 x 30 + 225 - P1125 Total Economic surplus - PS + cs={1125 + $225= 91350. ( change in consumer surplus = $225 - 8900 - - $675.
.
Change in producer surplus = $ 22 $1125 - $900 - d Readweight loss = ar (OXEZ) - 1x 160-30) x (45-15) 2. tx 30 x 30 = $450
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