Scenario: Consider a competitive market for baseball hats, a good that is indivisible. The supply and demand in this market are as shown in the following table.
-Refer to the above scenario.If a price control of $4 is imposed on this market,the consumer surplus in this market will be ________,and the producer surplus in this market will be ________.
Definitions:
Intellectual Disability
A condition of limited mental ability, indicated by an intelligence test score of 70 or below and difficulty adapting to the demands of life. (Formerly referred to as mental retardation.)
G Factor
The general intelligence factor theorized to underlie all cognitive abilities, measured by various intelligence tests.
Emotional Intelligence
The ability to recognize, understand, and manage one's own emotions and those of others in a productive and healthy manner.
G Factor
A term used in psychology, referring to the general intelligence factor believed to underlie all intelligent activity.
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