Qd=500-10p,Qs=-200+10p,suppose the government fix the price of this good at 25/=.calculate the?
... following :1.producers surplus ?2.social cost?can u please help me ? or:... following :1.producers surplus ?2.social cost?can u please help me ?
... following :
1.producers surplus ?
2.social cost?
can u please help me ?
or:... following :1.producers surplus ?2.social cost?can u please help me ?
or:Qd = Qs500-10p = 200+10p500 - 200 = 10p + 10p300 = 20pp = 15.producer surplus = 25 - 15 = 10
