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

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter4: Demand, Supply, And Markets

Section: Chapter Questions

Problem 5.9P

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