Assume a Market That Has an Equilibrium Price of $8

question 50

Multiple Choice

Assume a market that has an equilibrium price of $8.If the market price is set at $7,consumer surplus:

• A) rises for some because of the decreased price.
• B) decreases for some because of fewer transactions taking place.
• C) Both of these statements are true.
• D) Neither of these statements is true.

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Definitions:

Heterosexual Matrix

A concept coined by Judith Butler regarding the socio-cultural interplay of norms that enforce gender binary, sex as biologically fixed, and heterosexuality as natural.

Compulsory Heterosexuality

A concept theorizing the societal expectation that heterosexuality is the normative and enforced sexual orientation.

Epistemology of the Closet

An exploration of how the closet metaphor relates to secrecy and knowledge in discussions around sexuality and gender.

Homosexual Panic

A defensive reaction or excuse for aggressive behavior towards homosexuals, based on an alleged sudden fear of gay advances.