Use the graph and answer the following questions for a bag o…

Questions

Use the grаph аnd аnswer the fоllоwing questiоns for a bag of Coffee Beans 1. At Equilibrium how much Total Surplus for Coffee Beans is there? [1] 1. At Equilibrium how much is Deadweight Loss for Coffee Beans? [2] 2. If the government says that coffee growers are ripping people off by selling a bag of coffee beans for $14  so they put a price ceiling (control) at $9.   How much is Consumer Surplus if that happens? [3] 3. How much Producer Surplus was lost because of that government action? [4] 4. Because of that government action, how much Deadweight Loss was created? [5]