Use the Following to Answer Questions

question 41

Multiple Choice

Use the following to answer questions
Figure: Determining Surplus and Loss
-(Figure: Determining Surplus and Loss) Consider the graph.If the price is raised from $8 to $12,consumer surplus:

• A) increases by $120 and deadweight loss increases by $60.
• B) increases by $20 and deadweight loss increases by $70.
• C) decreases by $120 and deadweight loss increases by $70.
• D) decreases by $20 and deadweight loss increases by $70.

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Definitions:

Dowry

A cultural practice involving the transfer of wealth, usually from the bride's family to the groom's family, as part of marriage agreements in certain societies.

First-cousin Marriage

A marriage between individuals who have one set of grandparents in common, legally and culturally accepted in some societies but prohibited in others.

Genetic Deficiency

A lack or shortage in the genetic makeup that can lead to diseases or health problems.

Bridewealth

A cultural practice where the groom or his family transfers goods, money, or other forms of wealth to the bride's family as part of the marriage process.