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Economics Homework Nine Answers - Student Two (view source)
Revision as of 01:53, November 16, 2009
, 01:53, November 16, 2009no edit summary
8.No, the “deadweight loss” does not equal the “consumer surplus”. Deadweight loss causes people to loose consumer surplus.
8.No, the “deadweight loss” does not equal the “consumer surplus”. Deadweight loss causes people to loose consumer surplus.
:Good, note that the deadweight loss can also cause the seller to lose the producer surplus. (Minus 1)
:Good, note that the deadweight loss can also cause the seller to lose the producer surplus. (Minus 1) (note: "lose", not "loose")
:68/70. Well done with some challenging problems!!!--[[User:Aschlafly|Andy Schlafly]] 20:38, 14 November 2009 (EST)
:68/70. Well done with some challenging problems!!!--[[User:Aschlafly|Andy Schlafly]] 20:38, 14 November 2009 (EST)