Recent content by Fuzzyllama

I need some help finishing a few problems on my assignment. Any help is appreciated 1. Suppose demand is given by Qd=100-5P. Qs=10P. The government imposes a price ceiling of $ \$4$. I am required to calculate consumer and producer surplus which i have, but i need to calculate the dead weight...

I need some help finishing a few problems on my assignment. Any help is appreciated 3. The followin equations represent demand curves for a commodity; q. A. q=100-p B. q=10+p C. q=50. What is choke price, slope and price elasticities of demand in the neighborhood of q=100 and q=50. 4. Assume...