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According to the Graph Shown, If the Market Goes from Equilibrium

Question 52

Multiple Choice

According to the graph shown, if the market goes from equilibrium to having its price set at $18: A) producer surplus will be $8,100. B) consumer surplus will be $12,150. C) deadweight loss will be $2,250. D) deadweight loss will be $1,500. According to the graph shown, if the market goes from equilibrium to having its price set at $18:


A) producer surplus will be $8,100.
B) consumer surplus will be $12,150.
C) deadweight loss will be $2,250.
D) deadweight loss will be $1,500.

Correct Answer:

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