Price ($) 45 42 39 36 33 30 27 4296 226529CM 24 21 18 15 12 3 S Quantity (in thousands) According to the graph shown, if the market goes from equilibrium to having its price set at $18 1 2 3 4 5 6 7 8 9 10 A producer surplus will be $8,100. B consumer surplus will be $12,150. deadweight loss will be $2,250. (D) deadweight loss will be $15,000. D

Avis will pay a price as high as $900 for a new TV. After they purchase the TV they realize a consumer surplus of $200. What price did Avis pay for their new TV? Tyne vour numeric answer and submit

Price per Trip $50 40 30 20 22 25 Number of Trips (1.000s per day) The area of consumer surplus at a price of $6 is equal to the number with no symbols or letters) dollars. (write just

Figure 7-6 Price $28 26- 24- 22 20 18.- 16 14 12 10 8 6 4 2 0 10 30 50 70 90 110 130 150 Quantity Refer to Figure 7-6. At the equilibrium price, what would consumer surplus be? a. $1120 * b. $480 C. $640 d. $1280.

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(a) Find the point (A, B, C, D, or E) that corresponds to the profit maximizing price and quantity. (Select only one letter.) (b) Which number corresponds to consumer surplus on the graph? (c) Which number corresponds to producer surplus on the graph? (d) Which number corresponds to deadweight loss on the graph?

olent comic book) $10- 9. 001 10 V $10, $4 $8. $4 $8, 58 4321 $₂ S₁ ( 1 2 3 4 5 6 7 8 9 10 Once a quota is imposed on violent comic books at two sales per day, producer surplus is $4, $10 Quantity of violent comic books/day and deadweight loss is

1. Effects of rent control Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated price. When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that apply. Efficient use of housing space results. The quality of rental housing units fails. Landlords earn lower profits from renting housing units, but the rent charged has no effect on either the quantity or quality of rental units. Black markets develop. J

Price ($) 15 14 13 12 11 10 9 8 7 654321 0 S₁ S₂ D 10 20 30 40 50 60 70 80 90 Quantity Suppose that the supply curve is at S1. At the market equilibrium price $8, the consumer surplus is Blank 1 dollars.

Price $14 $12 $10 $8 $6 $4 $2 100 Question 4 Supply (with tax) ***** 10 LE Supply 200 300 FEE Demand 400 500 600 Quantity of Burritos Part 4: Identify the amount of total surplus that is generated by this market. 0.5