# Consider a market where supply and demand are giv

Consider a market where supply and demand are given by QXS = -16 + PX and QXd = 92 - 2PX. Suppose the government imposes a price floor of $40, and agrees to purchase any and all units consumers do not buy at the floor price of$40 per unit.

a. Determine the cost to the government of buying firms’ unsold units.

b. Compute the lost social welfare (deadweight loss) that stems from the $40 price floor. • deepakdohare333 6 orders completed$10.00
Tutor has posted answer for $10.00. See answer's preview **** your **** Click here to download attached files: supply and demand.docx • Elite2 85 orders completed$10.00
Tutor has posted answer for $10.00. See answer's preview ******* ****** and demand ***** Click here to download attached files: Student- supply and demand.docx • harvard prof 45 orders completed$10.00
Tutor has posted answer for $10.00. See answer's preview **** ** the right ****** Click here to download attached files: Solution.docx •$10.00

**** *** ******** ****** in the attached ****