According to the Graph Shown, If the Market Goes from Equilibrium

question 52

Multiple Choice

According to the graph shown, if the market goes from equilibrium to having its price set at $18:

• A) producer surplus will be $8,100.
• B) consumer surplus will be $12,150.
• C) deadweight loss will be $2,250.
• D) deadweight loss will be $1,500.

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Definitions:

Genotype

The genetic makeup of, or combination of alleles in, an individual. Compare with phenotype.

Genetic Makeup

The complete set of genes or genetic material present in a cell or organism.

Gametes

Gametes that merge in the process of sexual reproduction to create a new life form.

Genotype

The genetic makeup of an organism, consisting of both the visibly expressed genes and those that are not expressed.