Explain and graph the effect on 1. consumer surplus, 2.Supplier surplus, 3. how a dead weight...

Explain and graph the effect on 1. consumer surplus, 2.Supplier surplus, 3. how a dead weight loss occurs when a price floor and ceiling is imposed by a govenrment regulation. Define the three concepts mentioned and explain the effect of the two price regulations upon those three concepts.

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Rahul Sunny answered 1 year ago

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