Now Suppose the Demand Curve Remains Constant but the Market

question 54

Multiple Choice

Now suppose the demand curve remains constant but the market price of frozen pizzas in Decorah,IA increases to $14 per pizza.The loss in consumer surplus in this market due to the $4 increase in the price of frozen pizza is ________.

• A) $4,840
• B) $2,080
• C) $1,760
• D) $320

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Definitions:

Obstructive Sleep Apnea

A sleep disorder characterized by pauses in breathing or shallow breaths due to throat muscles intermittently relaxing and blocking the airway.

Daytime Fatigue

Daytime fatigue is the persistent feeling of tiredness and lack of energy during the day, often resulting from poor sleep quality or quantity.

Snoring

Snoring is the sound produced by the vibration of respiratory structures due to obstructed air movement during sleep.

Bruxism

Involuntary grinding or clenching of the teeth, typically occurring during sleep, which can cause tooth wear, jaw pain, and other problems.