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What is Economic Impact of Supply and Demand about?

1. The document presents data on price, supply, demand, imports and welfare changes for an unnamed good in three different years (2005, 2006, 2007) under varying price and demand/supply assumptions. 2. It shows quantities demanded and supplied, imports, and calculations of consumer surplus, producer surplus, government revenue, distortions and deadweight loss. 3. The total effects across the three years are presented, with an overall deadweight loss of $6.5 million from consumption and production distor

Author

Much Rosidi

Language

EN