The Figure Above Shows the Supply Curve (S) and the Demand

question 47

Multiple Choice

The figure above shows the supply curve (S) and the demand curve (D) for university education. The external benefit from university education is $6,000 per student per year and is constant.
-In the figure above, with no government involvement and if the universities are competitive, what is the deadweight loss?

• A) $6 billion per year
• B) $12 billion per year
• C) $4 billion per year
• D) Zero

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Definitions:

Disorganized-Disoriented Attachment

A type of attachment marked by inconsistent or contradictory behavior patterns in children towards their caregivers.

Dazed

Dazed describes a state of being bewildered or unable to think clearly, often resulting from shock, surprise, or a minor blow to the head.

Confused

Experiencing difficulty in understanding or making sense of something, often resulting in uncertainty or indecision.

Important Outcomes

Refers to significant results or consequences of actions or processes, particularly those with long-term effects.