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Part II Consumer and Producer Surplus 3. (1 point total, 0.5 points.pdf

2. Apr 2023
 Part II Consumer and Producer Surplus 3. (1 point total, 0.5 points.pdf
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 Presented below are three receivable transactions. Journalize these u.pdf Presented below are three receivable transactions. Journalize these u.pdf
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Part II Consumer and Producer Surplus 3. (1 point total, 0.5 points.pdf

  1. Part II: Consumer and Producer Surplus: 3. (1 point total, 0.5 points for each item) Refer back to problems 1 . and 2. above. (a) Redraw the initial equilibrium diagram from problem 1., and label the "free-market" consumer surplus and the producer surplus. (b) Now redraw your diagram from problem 2. above. This time, label the post-tax consumer surplus and the post-tax producer surplus.
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