Since Entering Middle School, Julie's Grades Are Dropping, and All

question 97

Multiple Choice

Since entering middle school, Julie's grades are dropping, and all she cares about is being in the popular crowd. Julie's behavior is:

• A) relatively common at her age.
• B) a sign of serious abnormality.
• C) a predictor of good mental health.
• D) okay, but only if she makes it into the popular group.

Learn how to calculate consumer and producer surplus in a market equilibrium.

Understand the impact of government interventions such as price ceilings on market equilibrium, consumer surplus, and producer surplus.

Comprehend the effects of price ceilings and minimum wage laws on different market participants.

Analyze the consequences of changes in market supply and demand elasticity on surplus.