Assume the Market Was in Equilibrium in the Graph Shown

question 82

Multiple Choice

Assume the market was in equilibrium in the graph shown. If the market price were set to $6, which of the following is true?

• A) For those still interacting in the market, some surplus is transferred from buyer to seller.
• B) For those still interacting in the market, some surplus is transferred from seller to buyer.
• C) Producers gain the surplus of those buyers who dropped out of the market.
• D) Consumers gain the surplus of those sellers who dropped out of the market.

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Definitions:

Impetigo

A highly contagious skin infection caused by bacteria, characterized by red sores, often around the nose and mouth.

Staphylococcus

A genus of gram-positive bacteria, known for forming clusters resembling grapes, and can cause a variety of diseases in humans.

Propionibacterium

A genus of gram-positive bacteria associated with the production of propionic acid and found in dairy products and as part of human skin flora.

Ringworm

A fungal infection of the skin characterized by ring-shaped, red, itchy patches.