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Question 1

The graph below shows the supply and demand curves for burritos.

What is the size of the consumer surplus when a Price Floor of $9 is imposed?

$  

 

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Question 2

What is the size of producer surplus when a Price Floor of $9 is imposed?

$  

 

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Question 3

What is the size of deadweight loss from a Price Floor of $9?

$  

 

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Question 4

What is the size of social surplus when a Price Floor of $9 is imposed?

$  

 

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