According to the graph shown, if the market goes from equilibrium to having its price set at $10 then:
A. the market ceases to be efficient.
B. deadweight loss will occur.
C. total surplus will decline.
D. All of these are true.
Answer: D
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In the figure above, with no government involvement and if the colleges are competitive, how many students are enrolled?
A) 8 million per year B) 12 million per year C) 10 million per year D) 4 million per year
Which of the following would most likely induce the Federal Reserve to conduct expansionary monetary policy? A significant decrease in
A) business taxes. B) income tax rates. C) oil prices. D) investment spending.
For the first time since the Civil War (1861–65), laborers were forced into active military service during World War I (1914–18)
Indicate whether the statement is true or false
Globally, from 1996-2013 the highest average growth rate per year occurred on the continent of Africa.
Answer the following statement true (T) or false (F)