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Question: httpswwwmathxlcomstudentplayerhomeworkaspxhomeworkid515684181ampquestionid3ampflushedfalseampcid5351270erwinsyes economics for the global executive clay lineberry 12919...

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슬 https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkId:515684181&questionid=3&flushed-false&cId:5351270&centerwinsyes Economics for the Global Executive Clay Lineberry 1/29/19 1:06 PM Homework: Chapter 8.4 Homework Sav Score: 0.5 of 1 pt 3 of 5 (5 complete) HW Score: 90%, 4.5 of 5 Text Question 4.8 Question Help Suppose that the demand curve for wheat is Q 120-10p and the supply curve is The govemment imposes a price ceiling of p $4 per unit. a. How do the equilibrium price and quantity change? (round quantities to the nearest integer and round prices to the nearest penny) The equilibrium quantity without the price ceiling is 60 and the price without the price ceiling is S 6 The equilibrium quantity with the price ceiling is 40 b. What effect does this ceiling have on consumer surplus, producer surplus, and deadweight loss? The change in consumer surplus (CS) is (round your answer to the nearest penny. The change in producer surplus (PS) is S(round your answer to the nearest penny). The deadweight loss (DWL) your ) is $U (round your answer to the nearest penny) Enter your answer in the edit fields and then click Check Answer Clear All Final Check

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