The Diagram Below Shows Supply,demand,and Quantity Exchanged of Monday Matinee

question 109

Multiple Choice

The diagram below shows supply,demand,and quantity exchanged of Monday matinee movie tickets.Assume it is a perfectly competitive market. FIGURE 12-4
-Refer to Figure 12-4.Suppose a disequilibrium price of $7.50 per movie ticket is imposed in this market.The consumer surplus becomes ________ and the producer surplus becomes ________.

• A)$0; $62.50
• B)$2.50; $7.50
• C)$62.50; $125
• D)$62.50; $250
• E)$31.25; $156.25

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