经济学基本知识曼昆课后答案解析chapter7.pdfVIP

. Problems and Applications 1. If an early freeze in California sours the lemon crop, the supply curve for lemons shifts to the left, as shown in Figure 7-5. The result is a rise in the price of lemons and a decline in consumer surplus from A + B + C to just A. So consumer surplus declines by the amount B + C.精品文档放心下载 Figure 7-5 In the market for lemonade, the higher cost of lemons reduces the supply of 感谢阅读 lemonade, as shown in Figure 7-6. The result is a rise in the price of lemonade 精品文档放心下载 and a decline in consumer surplus from D + E + F to just D, a loss of E + F.谢谢阅读 Note that an event that affects consumer surplus in one market often has 感谢阅读 effects on consumer surplus in other markets.精品文档放心下载 . Figure 7-6 2. A rise in the demand for French bread leads to an increase in producer surplus in the market for French bread, as shown in Figure 7-7. The shift of the demand curve leads to an increased price, which increases producer surplus from area A to area A + B + C.精品文档放心下载 . Figure 7-7 The increased quantity of French bread being sold increases the demand for 感谢阅读 flour, as shown in Figure 7-8. As a result, the price of flour rises, increasing 谢谢阅读 producer surplus from area D to D + E + F. Note that an event that affects 感谢阅读 producer surplus in one market leads to effects on producer surplus in related 谢谢阅读 markets. Figure 7-8 3. a.Bert’s demand sched