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Business, 25.04.2020 02:57 DaisyHargrove23

The government imposes a restriction on firms such that no more than Upper Q 2 units of output can be produced so that the new supply curve intersects the demand curve at e 2. Discuss the effects on consumer surplus (CS), producer surplus (PS), welfare (W), and deadweight loss (DWL). As a result of the restriction, the change in consumer surplus (Upper DeltaCS) in terms of the letters given is Upper DeltaCSequals nothing. As a result of the restriction, the change in producer surplus (Upper DeltaPS) in terms of the letters given is Upper DeltaPSequals nothing The change in welfare (Upper DeltaW) in terms of the letters given is Upper DeltaWequals nothing The deadweight loss from the restriction (DWL) in terms of the letters given is DWLequals nothing

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The government imposes a restriction on firms such that no more than Upper Q 2 units of output can b...
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