Assume the market depicted in the graph is in equilibrium. If the market goes from equilibrium to having its price set at $18:
A)the quantity exchanged will be 9,000.
B)all consumers will gain surplus.
C)the deadweight loss will be $2,250.
D)the quantity exchanged will be 4,000.

Question

Assume the market depicted in the graph is in equilibrium. If the market goes from equilibrium to having its price set at $18:
A)the quantity exchanged will be 9,000. 
B)all consumers will gain surplus. 
C)the deadweight loss will be $2,250. 
D)the quantity exchanged will be 4,000.

Quizplus · Accepted Answer

The Answer of  Assume the market depicted in the graph is in equilibrium. If the market goes from equilibrium to having its price set at $18:
A)the quantity exchanged will be 9,000. 
B)all consumers will gain surplus. 
C)the deadweight loss will be $2,250. 
D)the quantity exchanged will be 4,000.

Assume the Market Depicted in the Graph Is in Equilibrium