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# Answer to Question #114689 in Microeconomics for sabahat

Question #114689
the supply and demand for broccoli are described by the following equations;supply QS=6p-80 Demand QD= 120-4p
a. grapgh the suppply curve and the demand curve .what is the equalibrium price and quantity?
b.calculate consumer surplus,producer surplus and total surplus at the equalibrium.
c.if a dictator who hated brocooli were to ban the vegetables,who would bear the larger burden_the buyers or sellers of brocooli?
1
2020-05-08T14:54:42-0400

"a)6p-80=120-4p;"

"10p=200;"

"p=\\$20;" "Qs=6\u00d720-80=40;" "Qd=120-4\u00d720=40;" b)"Qd=120-4p=0;" "4p=120;\np=30;" Â consumer surplus equal to the area of the hatched triangle. consumer surplus"=\\frac {1}{2}(30-20)*40=\\$200;"

"Qs=6p-80=0;\np=\\$13.3;" producerÂ surplus equal to the area of the hatched triangle. producerÂ surplus "=\\frac{1}{2}(20-13.3)*40=" "\\$134;"

"TS=CS+PS;\nTS=134+200=\\\$334;"

c) If broccoli is banned, broccoli buyers will bear a greater burden.

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