Which of the following explains why is there is a deadweight loss associated with market that is not at equilibrium?

In 2014, oil facilities in Iraq were attacked and strong economies in the United States and China boosted the demand for oil. a. Demonstrate graphically how these events led to increases in oil prices in June 2004. What was the effect on the equilibrium quantity of oil bought and sold? b. As a result of political pressure, OPEC agreed to increase the daily quota by 2 million barrels a day. What was the likely effect on equilibrium oil price and quantity? Demonstrate your answer graphically.

Explain what would be likely to happen if the government placed a price floor on milk. Suppose that the price of milk is $4/gallon, and the government prohibits anyone from selling milk for less than $5/gallon. Your answer should consist of a complete well-written paragraph using complete sentences as well as a supply and demand diagram.

Identify the Surpluses. The graph to the right shows a supply curve and a demand curve and several areas in between. Identify the areas on the figure that represent the following: a. Consumer surplus in the market equilibrium: b. Producer surplus in the market equilibrium: c. Total surplus in the market equilibrium: d. Consumer surplus when the price is $6: e. Producer surplus when the price is $6: f. Total surplus when the price is $6: g. Consumer surplus when the quantity is 60: h. Producer surplus when the quantity is 60: i. Total surplus when the quantity is 60: Consumer and producer surplus 30- 28- 26- 24- 22- 20- 18 A 18- 16- 14- 12- B 10- D 6 Price 4- EL F - CE Supply Demand 0 20 40 60 80 100 120 140 160 180 Quantity

The market for disposal digital cameras has the following demand and supply schedules: a. Graph the demand and supply curves. What are the equilibrium price and quantity in this market?   b. Explain what would happen if the market price is set at $30, and show this on the graph.   c. Explain what would happen if the market price is set at $15, and show this on the graph.

Suppose the Hong Kong government imposes a price ceiling above the equilibrium price of flour. How does this price ceiling affect the price and the quantity sold of flour? Explain.

#86. In the table shown, what would be the result if the price were $8? A. A surplus of 30 units would exist and price would tend to fall.B. A surplus of 60 units would exist and price would tend to rise.C. A surplus of 60 units would exist and price would tend to fall.D. A shortage of 30 units would exist and price would tend to rise. #87. What would result if the price were set at $1.75  A. There would be a shortage of 40 units.B. There would be a surplus of 40 units.C. There would be a surplus of 20 units.D. The market would be in equilibrium. Please provide right answer tutor. GRACIE ^-^

The graph attached shows the demand and supply in a market.    (a) The equilibrium quantity is -------------- and the equilibrium price is -----------. (b) If the actual market price is set at $100 per unit, there will be a --------------- (shortage or surplus) of ____units in this market.  (c) If government wants to use a price floor, it should choose a price of how much? (d) At that price floor how many units are going to be sold in this market?

Suppose that a new scientifie study is published that demonstrates that eating apples slows aging. How will this affect the equilibrium price and quantity in the market? a. The equilibrium price will increase and the equilibrium quantity will decrease. b. The equilibrium price will decrease and the equilibrium quantity will increase. c. Both the equilibrium quantity and price will increase. d. Both the equilibrium quantity and price will decrease.

Use the accompanying graph to answer these questions. 20 S sº Price of X ($) 18 16 14 12 10 8 6 4 2 0 1 2 3 4 Quantity of Good X units 5 6 D a. Suppose demand is D and supply is SO. If a price ceiling of $6 is imposed, what are the resulting shortage and full economic price? Shortage: Full economic price: $ b. Suppose demand is D and supply is SO. If a price floor of $12 is imposed, what is the resulting surplus? What is the cost to the government of purchasing any and all unsold units? Surplus: Cost to government: $ c. Suppose demand is D and supply is so so that equilibrium price is $10. If an excise tax of $6 is imposed on this product, what happens to the equilibrium price paid by consumers? The price received by producers? The number of units sold? Fauilibrium price paid by consumers $1