The graph below shows the supply and demand curves for bagels.
What is the size of the consumer surplus when a Price Floor of $8 is imposed?
$
What is the size of producer surplus when a Price Floor of $8 is imposed?
$
What is the size of deadweight loss from a Price Floor of $8?
$
What is the size of social surplus when a Price Floor of $8 is imposed?
$
Hint
[more..]
Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity