Price, P A B C D E Supply Equilibrium Price restriction Demand Quantity, Q Figure A.2: Welfare under a Price Ceiling. 1. Competitive Equilibrium 2. Price Ceiling (as denoted by the "Price Restriction" line) Calculate the difference in consumer surplus, producer surplus, and DWL between these two scenarios.

Figure 3-2 Refer to Figure 3-2. A decrease in the price of substitutes in production would be represented by a movement from A to B. B to A. S1 to S2. S2 to S1.

Figure 7-8 Price Equilibrium price A B с D E F G Q₂ Equilibrium quantity a. E+F b. A+B+D+D+E+F Supply OC. C+F+GX d. C+F+D Demand Refer to Figure 7-8. At the market-clearing equilibrium, which area represents total producer surplus? Quantity

Can you explain this please