SECTION# PRI Use the graph below to answer questions 6 through 10. Supply NAME NAME PRINT LAST NAME, FIRST NAME Use the g Price (S) 20 15 10 7.5 Demand Quantity 0 10 20 30 40 50 60 70 and producer...

Question 9

SECTION#<br>PRI<br>Use the graph below to answer questions 6 through 10.<br>Supply<br>NAME<br>NAME<br>PRINT LAST NAME, FIRST NAME<br>Use the g<br>Price (S)<br>20<br>15<br>10<br>7.5<br>Demand<br>Quantity<br>0 10 20 30 40 50 60 70<br>and producer<br>When this market is in equilibrium, consumer surplus is equal to<br>surplus is equal to<br>$200; $100<br>$100; $200<br>6.<br>$400; $200<br>$200; $400<br>C.<br>a.<br>d.<br>If there is a price floor set at $15, the quantity bought and sold (exchanged) in this market<br>will be equal to:<br>7.<br>20.<br>60.<br>a.<br>C.<br>b.<br>40.<br>d.<br>80.<br>8.<br>If there is a price floor set at $15, consumer surplus will be equal to<br>surplus will be equal to<br>$50; $100<br>$50; $175<br>and producer<br>a.<br>$100; $100<br>$100; $175<br>C.<br>6.<br>d.<br>9.<br>If there is a price ceiling set at $7.50, the quantity bought and sold (exchanged) in this<br>market will be equal to:<br>a.<br>20.<br>b.<br>40.<br>60.<br>C.<br>10.<br>d.<br>80.<br>If there is a price ceiling set at $7.50, consumer surplus will be equal to<br>producer surplus will be equal to<br>$175; $25<br>$175; $50<br>a.<br>and<br>b.<br>C.<br>$200; $25<br>$200; $50<br>d.<br>

Extracted text: SECTION# PRI Use the graph below to answer questions 6 through 10. Supply NAME NAME PRINT LAST NAME, FIRST NAME Use the g Price (S) 20 15 10 7.5 Demand Quantity 0 10 20 30 40 50 60 70 and producer When this market is in equilibrium, consumer surplus is equal to surplus is equal to $200; $100 $100; $200 6. $400; $200 $200; $400 C. a. d. If there is a price floor set at $15, the quantity bought and sold (exchanged) in this market will be equal to: 7. 20. 60. a. C. b. 40. d. 80. 8. If there is a price floor set at $15, consumer surplus will be equal to surplus will be equal to $50; $100 $50; $175 and producer a. $100; $100 $100; $175 C. 6. d. 9. If there is a price ceiling set at $7.50, the quantity bought and sold (exchanged) in this market will be equal to: a. 20. b. 40. 60. C. 10. d. 80. If there is a price ceiling set at $7.50, consumer surplus will be equal to producer surplus will be equal to $175; $25 $175; $50 a. and b. C. $200; $25 $200; $50 d.

Jun 08, 2022

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SECTION# PRI Use the graph below to answer questions 6 through 10. Supply NAME NAME PRINT LAST NAME, FIRST NAME Use the g Price (S) 20 15 10 7.5 Demand Quantity 0 10 20 30 40 50 60 70 and producer...

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