Create a model showing the effects of a price
Create a model showing the effects of a Price Floor. Show:
a. Equilibrium quantity
b. Price floor quantity
c. Equilibrium price
d. Price floor price
e. Consumer Surplus
f. Producer Surplus
g. Note any deadweight loss due to the price floor.
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the abc movie theater has 300 seats in a typical month 25 percent of the seats are sold the price elasticity is
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