Refer to the figure above. If a price control is imposed at $8, what is the deadweight loss?

A) $10
B) $50
C) $65
D) $85


B

Economics

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The Millennium Development Goals include

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The fact that a firm is a price-setter does not ensure it will make a positive economic profit in the short run and over time

Indicate whether the statement is true or false

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A schedule of amounts of a good that people will purchase at various prices during a specific time period holding other factors constant is

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Figure 33-4 ? Figure 33-4 shows four movements of the inflation rate and the unemployment rate. Which panel shows the movement associated with a “supply shock” like those of the 1970s?

A. 1 B. 2 C. 3 D. 4

Economics