Suppose That the Price of a Good Is $22 and Equilibrium

question 60

Multiple Choice

Suppose that the price of a good is $22 and equilibrium price is $25. Compared to market equilibrium

• A) consumer surplus is decreased and deadweight loss is increased.
• B) consumer surplus is increased and deadweight loss is decreased.
• C) producer surplus is decreased and deadweight loss is increased.
• D) producer surplus is decreased and deadweight loss is decreased.

---

Definitions:

File Manager

A system application that provides a user interface to manage files and folders on a computer or storage device.

Reorder Files

Changing the sequence or arrangement of files stored on a computer or digital storage medium.

Non-Volatile Memory

A type of computer memory that retains stored information even when not powered.

Temporary

Refers to something not permanent or meant to last for a limited time only.