economics.A benevolent social planner discovers a market?
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10-12-2012, 10:25 PM
Post: #1
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economics.A benevolent social planner discovers a market?
A benevolent social planner discovers a market in which supply and demand are determining equilibrium price and quantity. On a diagram of this market, indicate the reduction in total surplus that would occur if the planner decides to reduce production of the good. Explain in words. On another diagram, indicate the reduction in total surplus that would occur if the planner decided to increase production of the good. Explain.
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economics.A benevolent social planner discovers a market? - brave32 - 10-12-2012 10:25 PM
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