Find Three Ordered Pairs That Satisfy the Equation

question 73

Multiple Choice

Find three ordered pairs that satisfy the equation. ​ ​

• A) (0 , 8), (1, 12), (2, 13)
• B) (0 ,8) , (1, 9), (2, 10)
• C) (0, 8), (1, 9), (2, 13)
• D) (0, 8), (1, 12), (2, 10)
• E) (1, 8), (2, 9), (3, 10)

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Definitions:

Wedge

The difference between the demand price of the quantity transacted and the supply price of the quantity transacted for a good when the supply of the good is legally restricted. Often created by a quantity control, or quota.

Demand Price

The price of a given quantity at which consumers will demand that quantity.

Perfectly Inelastic

A market situation where the quantity demanded or supplied does not change in response to a change in price.

Deadweight Loss

The inefficiency caused in a market where all potential gains from trade are not realized due to factors like taxes or subsidies.