Price ($) 15 14 13 12 11 10 987654321 8 5 O Take Test: Required Homework Chapter 5(Efficiency) . D S 10 20 30 40 50 60 70 80 90 Quantity Consumer surplus will rise by $30. According to the graph shown, if the market goes from equilibrium to having its price set at $2 below equilibrium the deadweight loss will be $90. The consumer surplus will be less than $160. the deadweight loss will be $60.

Price ($) 15 14 13 12 11 10 987654321 8 5 O Take Test: Required Homework Chapter 5(Efficiency) . D S 10 20 30 40 50 60 70 80 90 Quantity Consumer surplus will rise by $30. According to the graph shown, if the market goes from equilibrium to having its price set at $2 below equilibrium the deadweight loss will be $90. The consumer surplus will be less than $160. the deadweight loss will be $60.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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