: Market for Flint Firebird Tickets 4) Consider the…
: Market for Flint Firebird Tickets 4) Consider the graph below. It represents the market for pizzas in a small town. City council then decides to implement a price floor of $15 per pizza. Owners of pizza joints selling pizza for less than that will be tossed in jail. a. How much consumer surplus is captured by the producers as a result of this floor? b. What is the deadweight loss associated with this price floor? c. Are producers better or worse off as a result of this? P ($) 20 S 15 10 6 D Q 50 100 Market for Pizzas
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