Assume the Market Depicted in the Graph Is in Equilibrium

question 125

Multiple Choice

Assume the market depicted in the graph is in equilibrium. If the market goes from equilibrium to having its price set at $18:

• A)the quantity exchanged will be 9,000.
• B)all consumers will gain surplus.
• C)the deadweight loss will be $2,250.
• D)the quantity exchanged will be 4,000.

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Definitions:

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