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Change in consumer and producer surplus from price controls
* Observations:
- The loss is equal to area B + C.
- The change in surplus = (A - B) + (-A - C) = -B - C
- The deadweight loss is inefficiency of price controls or loss of the producer surplus exceeds the gain from consumer surplus.
* Observation
- Consumers can experience net loss in consumer surplus when demand is inelastic enough
Effect of Price Controls When the Demand Is Inelastic Price Controls and Natural Gas Shortages
remedies of unemployment
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