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What will happen to consumer and producer surplus when a price floor is eliminated?
If the price floor was set below the equilibrium price, then the removal of this price floor would have no effect on producer and consumer surplus. If the price floor was set above the equilibrium price for that product, then prices with shift down again to the equilibrium price. Consumers would want to buy more, and producers would want to sell more, until they reach the equilibrium price and quantity. In other words all surpluses of deficits would eventually disappear.
What else can I help you with?
Can consumer surplus be negative in certain market conditions?
Yes, consumer surplus can be negative in certain market conditions when the price of a good or service is higher than the maximum price consumers are willing to pay. This can happen in situations where there is limited competition, high demand, or when prices are artificially inflated.
What will happen if you take away a consumer or a producer out of the ecosystem?
Removing a consumer or a producer from an ecosystem disrupts the balance and can lead to cascading effects. If a producer, like a plant, is removed, consumers that rely on it for food may decline, leading to fewer predators and altering the entire food web. Conversely, removing a consumer can result in overpopulation of the producer, which may lead to resource depletion and habitat degradation. Overall, the absence of any key species can destabilize the ecosystem and impact biodiversity.
What will happen to the price of oil when there is a surplus in the oil market?
It will go down!~
If there is a decrease in supply what will happen to the total surplus?
If supply decreases the prices will go up and quantity will go down and surely total surplus will be reduced.
If there is excess demand for a product or service what will happen to the price?
there is consumer advice
What happen to the energy as it goes from the producer down to the fourth level consumer?
it gets weaker
Can consumer surplus be negative in certain market conditions?
Yes, consumer surplus can be negative in certain market conditions when the price of a good or service is higher than the maximum price consumers are willing to pay. This can happen in situations where there is limited competition, high demand, or when prices are artificially inflated.
What will happen if you take away a consumer or a producer out of the ecosystem?
Removing a consumer or a producer from an ecosystem disrupts the balance and can lead to cascading effects. If a producer, like a plant, is removed, consumers that rely on it for food may decline, leading to fewer predators and altering the entire food web. Conversely, removing a consumer can result in overpopulation of the producer, which may lead to resource depletion and habitat degradation. Overall, the absence of any key species can destabilize the ecosystem and impact biodiversity.
What happen when people had surplus of food?
FWESADC
What will happen to the price of oil when there is a surplus in the oil market?
It will go down!~
If there is a decrease in supply what will happen to the total surplus?
If supply decreases the prices will go up and quantity will go down and surely total surplus will be reduced.
What happen to the undigested food that you eat?
It is carried to your large intestine and is then eliminated.
Are the Atlanta Braves Eliminated?
its depending if your racist or what topic your on to make that happen.
What would happen if the producer was removed from a food web?
First of all, there's not such thing as "primary producer" it's called producer, but if that happens the primary consumer would die so the secondary consumer who is the one who eats the primary, would eat another animal or die.
What would happen if you overfill lawn mower bag?
The surplus will drop back onto the lawn.
What would happen if these legal factors in sentencing were changed or even eliminated?
they will die and eat burritos
What would happen if moose were eliminated from the food web?
The food web could collapse causing the food chain consumer along secondary n primary.This is my big web search answer. check it out it's the best and if it does not suit u could find me on fb.this is done By Samantha Tyagi
