Question: Dumbe oic A serviee ce five department o m to 4. Draw a graph in equilibrium using a demand curve…

01 May Question: Dumbe oic A serviee ce five department o m to 4. Draw a graph in equilibrium using a demand curve…

Posted at 14:31h in Uncategorized by Exams

dumbe oic A serviee ce five department o m to 4. Draw a graph in equilibrium using a demand curve labeled Do and a supply curve labeled So. Please label the equilibrium p rice at S 20,000 and the equilibrium quantity at 500,000 units. Please shade in tie area and label as consumer surplus (USE HORIZONTAL LINES FOR THE CONSUMER SURPLUS) and also shade IN THE PRODUCER SURPLUS) DRAW GRAPH HERE: onsoniCY Surplus-ラ//lji ,Edu then. and the producer surplus? The Consumer Surplus will PLEASE CIRCLE ONE (decrease, increase, not change) and the Producer Surplus will PLEASE CIRCLE ONE (decrease, increase, not change). a) If the price were to decrease from S 20,000 to S 10,000, what would happen to the consumer surplus b) If the price were to increase from S 20,000 to $ 30,000, what would happen to the consumer surplus and the producer surplus? The Consumer Surplus will PLEASE CIRCLE ONE (decrease, increase, not change) and the Producer Surplus will PLEASE CIRCLE ONE (decrease, increase, not change).

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