The Following Figure Illustrates the Market Demand Curve for Wine

question 80

Multiple Choice

The following figure illustrates the market demand curve for wine.

-Refer to the figure above.What is the loss in the market-wide consumer surplus when the price of wine changes from $9 per bottle to $18 per bottle?

• A) $144,000
• B) $30,000
• C) $57,000
• D) $0

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