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#### Fuzzyllama

##### New member

- Sep 20, 2012

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I need some help finishing a few problems on my assignment. Any help is appreciated

1. Suppose demand is given by Qd=100-5P. Qs=10P. The government imposes a price ceiling of $ \$4$. I am required to calculate consumer and producer surplus which i have, but i need to calculate the dead weight loss.

2. The current market price for bananas is $ \$.10$ per pound. 1 million pounds are demanded at this price. Elasticity of demand is -5 and short run Es is 0.05. Solve for the equations of demand and supply assuming they are linear.

Thanks in advance for any help!

1. Suppose demand is given by Qd=100-5P. Qs=10P. The government imposes a price ceiling of $ \$4$. I am required to calculate consumer and producer surplus which i have, but i need to calculate the dead weight loss.

2. The current market price for bananas is $ \$.10$ per pound. 1 million pounds are demanded at this price. Elasticity of demand is -5 and short run Es is 0.05. Solve for the equations of demand and supply assuming they are linear.

Thanks in advance for any help!

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