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Question 1

The graph below shows the supply and demand curves for pizza rolls. Suppose that the government imposes a Price Ceiling of 3

What is the size of the consumer surplus?

$  

 

Hint


Question 2
What is the size of producer surplus?

$  

 

Hint


Question 3
What is the size of deadweight loss?

$  

Hint 


Question 4
What is the size of social (total) surplus?

$  

Hint