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Assignment 2

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eric stevanus
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32 views

Assignment 2

Uploaded by

eric stevanus
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Eric Stevanus-2201756600-LA28

Assignment ke 2:

1. Consider a market where supply and demand are given by Qs = -20 + Px and Qd
= 140 – 4Px. Suppose the government imposes a price floor of $30, and agrees to
purchase any and all units consumers do not buy at the floor price of $30 per unit.

a. Determine the cost to the government of buying firms’ unsold units.

P= $30
Qd = 140 – 4Px
= 140 – 4.30
= 140 – 120
= 20 = Demand Quantity

Qs = -20 + Px
= -20 + 30
= 10 = Supply Quantity

Shortage = 20 – 10 = 10 unit
Price $30 bukanlah price floor, namun merupakan price ceiling, sehingga tidak
terjadi surplus barang, malah terjadi shortage sebesar 10 unit, tidak ada surplus
barang yang bisa dibeli oleh pemerintah.

b. Compute the lost social welfare (deadweight loss) that stems from the $30 price
floor

Qd = 140 – 4Px
Qs = -20 + Px
0=160-5Px
P x= $32, Q=12 unit
Pc
P1= $32
P2= $30
Q1= 12 unit
Q2= 10 unit

10 = 140 – 4Px
P x = 130 : 4
P x = $32,5 = Pc

Dead weight loss ( segitiga ABC) =


(32,5 – 30) x (12-10) / 2 = $2,5

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