The Diagram Below Shows Supply,demand,and Quantity Exchanged of Monday Matinee

question 7

Multiple Choice

The diagram below shows supply,demand,and quantity exchanged of Monday matinee movie tickets.Assume it is a perfectly competitive market.
FIGURE 12- 4
-Refer to Figure 12- 4.Suppose a disequilibrium price of $7.50 per movie ticket is imposed in this market.The consumer surplus becomes _ and the producer surplus becomes .

• A)$31.25; $156.25
• B)$0; $62.50
• C)$2.50; $7.50
• D)$62.50; $250
• E)$62.50; $125

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