Demand and upply are again Qd = 10 - 0. 5Pd
and Q = - 2 P when P ≥ 2. Surplu wa
54$ without intervention. Suppoe the government impoe a price floor at 12$. A. What i the ize of the exce in the market with the price floor?
b. What i the producer urplu?
c. What i the conumer urplu?
d. What i the net economic benefit?
e. What i the deadweight lo?
