Business, 16.12.2021 05:10 joriwilliams3018

7. The Emperor of Gondwanaland must collect taxes from the people to pay for the purchases of surplus gosum berries by the Chairman of Production's Office. As a result, total surplus (producer plus consumer) is reduced by the amount the Chairman of Production's Office spent on buying surplus gosum berries. Using your answers for problems 4, 5, and 6 above, what is the total surplus when there is a price floor? Show your calculations. (12 points

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7. The Emperor of Gondwanaland must collect taxes from the people to pay for the purchases of surplu...