caption: Imperfect Information with numbers The Consumer is Fooled
exif: {"Image DocumentName": "Imperfect Information with numbers The Consumer is Fooled", "Image ImageDescription": "True demand (D1): P = 90 - Q. Perceived demand (D2): P = Q. Supply: P = 10 + Q. 110 \u2013 Q = 10 + Q. Q = 50. P = 60. Consumer Surplus = (1/2)( 90 -  60)(30) \u2013 (1/2)( 60 \u2013  40)(20) =  450 -  200 =  250. Producer Surplus = (1/2)( 60 -  10)(50) =  1250. Deadweight Loss =    1500 =  100.", "Image XResolution": "300", "Image YResolution": "300", "Image ResolutionUnit": "Pixels/Inch", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}