Mangerial economics Question 3b

October 4, 2021/in Uncategorized /by Peter

Suppose the county manager is concerned that the equilibrium price of pizza is too high and they pass a law that stops anyone from selling 16″ pizza for more than $2.

1. What is the new price ad quantity sold of 16″ pizzas in Chicago?

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2. What is the total consumer surplus and total producer surplus before and after the price ceiling is imposed?

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Mangerial economics Question 3b

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