A Price Support Leads to Inefficiency Because

question 180

Multiple Choice

A price support leads to inefficiency because

• A) output is more than the efficient, equilibrium quantity.
• B) the marginal benefit of the last unit produced is larger than the marginal cost.
• C) the price charged is less than the equilibrium price.
• D) producer surplus is less than consumer surplus.
• E) producers must pay a subsidy to the government.

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Definitions:

Doublet

A pattern in spectroscopy indicating two adjacent peaks, often associated with the spin of a nucleus affecting a neighboring nucleus.

NMR Spectrum

A representation of the nuclear magnetic resonance absorption by nuclei in a sample.

Isobutyl Acetate

An organic compound and ester formed from the reaction of isobutanol with acetic acid, commonly used as a solvent and in flavorings.

Splitting Patterns

Describes how the peaks in an NMR spectrum are divided into multiple sub-peaks due to interactions between non-equivalent hydrogen atoms in a molecule, revealing its structure.