EBK PRINCIPLES OF MACROECONOMICS
EBK PRINCIPLES OF MACROECONOMICS
12th Edition
ISBN: 9780134079592
Author: Oster
Publisher: YUZU
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Chapter 4, Problem 1.12P

Subpart (a):

To determine

To find out the impact of price ceiling.

Subpart (b):

To determine

To find out the impact of price floor.

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USE TABLE #1: Now, assume the market for electric automobiles is an efficient market.  The consumer surplus for the market for electric automobiles is $_____.  (Remember to use a comma, if a comma is needed and to include the decimal point and two numbers to the right of the decimal point).
USE TABLE #1: Now, assume the market for electric automobiles is an efficient market.  The producer surplus for the market for electric automobiles is $_____.  (Remember to use a comma, if a comma is needed and to include the decimal point and two numbers to the right of the decimal point).
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