Consumer Surplus, Producer Surplus,& Deadweight Loss before and after imposing the price ceiling?

The supply and demand function for sandwiches are as follows: Qs=500P-1000, Qd = 11000 - 1000P Suppose a price ceiling of $4 is imposed on sandwiches . what will be the CS, PS, TS and DWL before and after imposing the price ceiling?

we are given a demand function and supply function and from that we have to calculate consumer surplus producer surplus and total surplus
the solution is like this:

1) first we know that in equilibrium demand is equal to supply

we will equate demand function and supply function and from there we will get the equilibrium price and equilibrium quantity

3) we multiply price and quantity, which is total expenditure in case of consumer surplus and total revenue in case of producer surplus

to find consumer surplus
we integrate the demand function from 0 to equilibrium quantity and from that we subtract the price X quantity

to find producer surplus,
we multiply price and quantity and from that we subtract The Definite integral from 0 to equilibrium quantity and integrate supply function with respect to Q

to find total surplus

we add the consumer surplus and producer surplus

#NTA #NET #SET #JRF #ECONMICS

[milanbhandari]

thank you so have micro eco exam tmr and i surely dont wana fail. pls pray i pass this sem as this year was hard af

[evanspaulmuwonge]

Am humbled. Thanks for being so clear, no mistakes. So sweet a video and clearly understood. Thank u so much.

[DeboraSuday-fwuo]

This is more than a detailed and clear explanation.

[miss.weirdo]

This is the best video on internet on this topic ❤

[branicekavere]

Please help me solve this
Consider a monopolist who faces the following demand :Q=70-0.5P. In addition, suppose that the monopolist total cost function is given by : TC=5Q^2+10
Find the monopolist market clearing price and quantity .
Determine the optimal profit for this monopolist

I will really appreciate
Thanks

[sudhir]

Thanks sir for making the things clear

[sumasuma]

How can we differentiate a binding price floor from non binding price ceiling.
When the question does not clearly mention the term.

[agentravi]

In Problem Set \#2, we modeled the market for 2-bedroom apartments in Santa Clara with the following demand and supply curves:
Q
D
​
=10, 000−2P
Q
S
​
=2, 000+0.5P
​

Calculate the amount of Consumer Surplus, Producer Surplus, and Deadweight Loss associated with the
$2000
price ceiling. (Note: Area under the
x
-axis is not included in producer surplus. Feel free to reference the solutions from last week if you are having trouble graphing the curves) Consumer Surplus = . Producer Surplus
=
DWL = .We can also verify that
CS+PS+DWL
equals the total surplus in the market before the price ceiling was put in place. The total surplus prior to the price ceiling was 2 points Suppose the market for cans of soda can be modeled by
Q
D
​
=120−P
and
Q
S
​
=2P−30
. (assume prices are in cents, so
P=150
means
$1.50
) Calculate the equilibrium price and quantity.
P
∗
=
cents and
Q
∗
=

[RR-ogut]

an industry has two from each of which produce output at a constant unit cost of rupees 10. the demand function for the industry is P = 10- Q. what is the cournot price and quantity for this industry. Please reply. Just tell me that MARGINAL COST WILL BE ZERO here?

[mainzasiamalala]

Plz do help solving this question
Recently, the Transport Association of Zambia increased the price of bus fares for all long routes in
Zambia. Specifically, the price of tickets between Lusaka and Livingstone increased from 200 Kwacha to
250 kwacha. The demand equation 𝑄𝑑 = 2000 − 5𝑃 is representative of the demand for bus tickets
between Lusaka and Livingstone.
a) Calculate the old price quantity demanded level
b) Calculate the new price quantity demanded level
c) Work out the Price Elasticity of Demand for tickets from Lusaka to Livingstone between 200
kwacha and 250 kwacha
d) Briefly discuss the Price Elasticity of Demand for tickets from Lusaka to Livingstone between 200
kwacha and 250 kwacha and clarify how bus fleets revenues are expected to respond to the
price increase.
e) What would be the Price Elasticity of Demand for tickets from Lusaka to Livingstone if the price
rises again from 250 kwacha to 300 kwacha?
f) Explain why the answer in part d) and part e) are different.

[branicekavere]

Please sir help me solve this
Consider a monopolist who faces the following demand :Q=70-0.5P. In addition, suppose that the monopolist total cost function is TC=5Q2+10
Find the monopolist market clearing price and quantity.
Determine the optimal profit for this monopolist

Thank you

[meezananjum]

Please help me to solve this-Given, percentage Change in nominal GNP=1.8, percentage Change in population=0.5, percentage Change in price level=1.3.What is the approximate percentage Change in real per capita GNP?(a)Zero(b)0.5(c)1.0(d)1.3

[dipikakumari]

Sir isko hindi m convert kijye smjh nai pa rhe h

[johnahinsahbentum]

please there is problem for your p.s answer

[dipikakumari]

Sir plz is video ko hindi m samjhaye plz

[vaishnavigupta]

Lucid explanation 🤌.... Thank you so much....