Use the Following to Answer Questions -(Table: Lunch)Use Table: Lunch

question 168

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Lunch }\\\begin{array} { r c } \hline \text { Price } & \begin{array} { c } \text { Quantity } \\\text { Demanded }\end{array} \\\hline \$ 10 & 0 \\9 & 10 \\8 & 20 \\7 & 30 \\6 & 40 \\5 & 50 \\4 & 60 \\\hline\end{array}\end{array}$$
-(Table: Lunch) Use Table: Lunch.This table shows market demand for picnic lunches for people taking all-day rafting trips on the river.Suppose that the marginal cost and average cost of each lunch are a constant $4 for all firms in the market.What is deadweight loss in this market in the long run?

• A) $0
• B) $4
• C) $180
• D) $360

---

Definitions:

Psychological Reactance

The unpleasant emotional response people experience when someone is trying to restrict their freedom to engage in a desired behavior.

Sensory Overload

A condition where one or more of the body's senses experiences overstimulation from the environment.

Yielding

The act of giving in or surrendering to a force, argument, or influence.

Inoculation

A psychological technique used to make individuals resistant to attempts to change their attitudes or beliefs by exposing them to small doses of arguments against their position.