If the Demand Curve Is the Same as the Marginal

question 60

Multiple Choice

If the demand curve is the same as the marginal benefit curve and the supply curve is the same as the marginal cost curve,then the quantity at which they cross is
i.the equilibrium quantity.
ii.the allocatively efficient quantity.
iii.the quantity with no deadweight loss.

• A) i, ii, and iii.
• B) only i.
• C) only ii.
• D) only i and ii.
• E) only i and iii.

---

Definitions:

Capacity For Change

The active phase of self-regulation; willpower.

Self-Regulation

The process by which an individual controls their behavior, emotions, and thoughts towards achieving long-term goals.

Capacity For Change

The potential or ability of an individual or system to modify its attributes or behavior in response to external conditions or stimuli.

Willpower

The ability to resist short-term temptations in order to meet long-term goals.