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

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  • Опубликовано: 26 дек 2024

Комментарии • 52

  • @AYEBAREPATIENCE-b4c
    @AYEBAREPATIENCE-b4c 23 дня назад +1

    Thank you so much 🥰

  • @DeboraSuday-fw5uo
    @DeboraSuday-fw5uo 5 месяцев назад +1

    This is more than a detailed and clear explanation.

  • @milanbhandari5935
    @milanbhandari5935 2 года назад +5

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

  • @miss.weirdo
    @miss.weirdo Год назад +1

    This is the best video on internet on this topic ❤

  • @evanspaulmuwonge1511
    @evanspaulmuwonge1511 2 года назад +1

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

  • @ericfornssteinholtz9018
    @ericfornssteinholtz9018 17 дней назад

    very nice video, well explained! Thank you!

  • @arhamjain5267
    @arhamjain5267 Год назад +1

    Highly recommended 👍🏻🔋🔥

  • @ibegodwin91
    @ibegodwin91 2 года назад +1

    You're doing well here. Thanks

    • @ECONMATHS
      @ECONMATHS  2 года назад

      Thanks for the appreciation. Please share this channel with your Economics friends

  • @sumasuma6805
    @sumasuma6805 Год назад

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

  • @sumitmehan297
    @sumitmehan297 Год назад

    very good explanation

  • @sudhir9524
    @sudhir9524 3 года назад +3

    Thanks sir for making the things clear

    • @ECONMATHS
      @ECONMATHS  3 года назад +1

      My pleasure brother. Please share this channel with your Economics friends

    • @pinkyyadav1760
      @pinkyyadav1760 2 года назад +1

      @@ECONMATHS Sir,why did nt we solve by taking inverse dd and ss questions here ,please explain

    • @ECONMATHS
      @ECONMATHS  2 года назад

      @@pinkyyadav1760 yes you can

  • @accountinglearners8248
    @accountinglearners8248 Год назад +1

    Very much helpful

  • @salomendimila5347
    @salomendimila5347 11 месяцев назад

    Thanks so much 🎉🎉🎉🎉

  • @MM-ry4hi
    @MM-ry4hi Год назад +1

    THANK YOU !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • @cbell1739
    @cbell1739 Год назад

    Thank you!! Helpful

  • @mahroofahmed8813
    @mahroofahmed8813 8 месяцев назад

    Excellent work

  • @orengowuna
    @orengowuna 7 месяцев назад

    Nice one

  • @sumathikamal8135
    @sumathikamal8135 10 месяцев назад

    Thank you so much clearly understood

  • @RR-og4ut
    @RR-og4ut 2 года назад

    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?

  • @Learner4lyf
    @Learner4lyf 2 года назад +1

    Thank so much sir...🙏

  • @benjaminkpamgma9611
    @benjaminkpamgma9611 27 дней назад

    Thank you soo much

  • @emmanuelsiame6916
    @emmanuelsiame6916 2 года назад

    How is this guy still underrated💀💔smh

  • @branicekavere3254
    @branicekavere3254 3 года назад +1

    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

  • @dipikakumari6609
    @dipikakumari6609 Год назад

    Sir isko hindi m convert kijye smjh nai pa rhe h

  • @branicekavere3254
    @branicekavere3254 3 года назад +1

    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

    • @ECONMATHS
      @ECONMATHS  3 года назад

      Solved . Please check the latest video.

    • @ECONMATHS
      @ECONMATHS  3 года назад

      Also please share this channel with your Economics friends

  • @uwadiegwuemmanuel8809
    @uwadiegwuemmanuel8809 Год назад

    Thanks

  • @johnahinsahbentum6446
    @johnahinsahbentum6446 Год назад

    please there is problem for your p.s answer

  • @meezananjum8516
    @meezananjum8516 3 года назад +1

    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

    • @meezananjum8516
      @meezananjum8516 3 года назад

      @@unknown_girl_09 How?

    • @ECONMATHS
      @ECONMATHS  3 года назад

      1.8 -(0.5 +1.3) = 0

    • @unknown_girl_09
      @unknown_girl_09 3 года назад +1

      @@ECONMATHS can u explain this sir

    • @unknown_girl_09
      @unknown_girl_09 3 года назад +1

      Population is divided .....its...per capita real gnp= nominal gnp - price / polpulation

    • @ECONMATHS
      @ECONMATHS  3 года назад +2

      @meezan I have uploaded the video solution

  • @agentravi00007
    @agentravi00007 Год назад +1

    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

    =

    • @ECONMATHS
      @ECONMATHS  Год назад

      Can you send me this in telegram. I can't understand it here

  • @npsingh4952
    @npsingh4952 3 года назад +1

    Sir where are you from, plz reply

  • @dipikakumari6609
    @dipikakumari6609 Год назад

    Sir plz is video ko hindi m samjhaye plz

  • @mainzasiamalala6217
    @mainzasiamalala6217 3 года назад +1

    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.

    • @ECONMATHS
      @ECONMATHS  3 года назад

      I would love to make video on that . But the question is too lone to write it on the board . There would be little space left for solution

    • @mainzasiamalala6217
      @mainzasiamalala6217 3 года назад

      @@ECONMATHS so can you at least do 2

  • @vaishnavigupta784
    @vaishnavigupta784 Год назад

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

  • @uwadiegwuemmanuel8809
    @uwadiegwuemmanuel8809 Год назад +1

    Thanks