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

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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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