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Apr 18, 2019 at 19:31 comment added Joseph @adam Perfectly elastic
Apr 18, 2019 at 19:30 vote accept Joseph
Apr 18, 2019 at 9:55 comment added Adam Bailey "a producer sells for 100". Does that mean their supply curve is perfectly elastic at 100? Or that their supply curve (which may be upward-sloping) happens to intersect the demand curve at 100? In the latter case if consumers are forced to purchase the good the resulting shift in the demand curve will change the price.
Apr 17, 2019 at 20:50 answer added Regio timeline score: 3
Apr 17, 2019 at 19:18 comment added Vizag I would think so. Because the consumer doesn't want to buy it, forcing him to buy it should be reflected as negative consumer surplus. But it's hard to imagine such a situation.
Apr 17, 2019 at 17:58 comment added Giskard "Or do we reflect the negative consumer surplus as producer surplus (this doesn't make sense to me)" Then why are you throwing it out there?
Apr 17, 2019 at 17:55 history asked Joseph CC BY-SA 4.0