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Question: suppose that the demand curve for wheat is q ...

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Suppose that the demand curve for wheat is Q = 100-10p and the supply curve is Q 10p

a. How do the equilibrium price and quantity change? (round quantities to the nearest integer and round prices to the nearest penny) The equilbrium quantity without the price ceiling is 60 and the price without the price ceiling is $ 6.00 The equilibrium quantity with the price ceiling is 3o b. What effect does this ceiling have on consumer surplus, producer surplus, and deadweight loss? The change in consumer surplus (CS) is s round your answer to the nearest penny). The change in producer surplus (PS) is (round your answer to the nearest penny) The docdweight osas oround your an

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