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June 2, 2024

This problem set is related to perfectly competitive market, equilibrium price and quantity, shifts in the supply and demand curve, consumer surplus and government policies.

General Question

This problem set is related to perfectly competitive market, equilibrium price and quantity, shifts in the supply and demand curve, consumer surplus and government policies. Answer each problem fully and use graphs to help explain the answers. There is not always one correct answer.

For delievery: I need a word file for given answer and graphs, and one more additional pdf file for graphs. (You can find example format from ex.1 and ex.1.1.)

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