Ready to test your Knowledge?
Try out our new practice tests completely free!
exam preparation banner icon
Solved

Assume the Market Depicted in the Graph Is in Equilibrium

arrowarrow
Question 101
Multiple Choice
arrowQuestion 101arrow
Multiple Choice

img Assume the market depicted in the graph is in equilibrium. If the market price is set to $12, which of the following statements is true?


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

Choose question tag
close menu

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.

Business

Explore our library and get Economics Homework Help with various study sets and a huge amount of quizzes and questions

Get Free Access Now!
Textbook Solutions
Textbook Solutions

Find all the solutions to your textbooks, reveal answers you would’t find elsewhere

Find Solutions
Search By Image
Search By Image

Scan any paper and upload it to find exam solutions and many more

Flashcards
Flashcards

Studying is made a lot easier and more fun with our online flashcards

Find Flashcards