The diagram below shows supply,demand,and quantity exchanged of Monday matinee movie tickets.Assume it is a perfectly competitive market.
FIGURE 12- 4
-Refer to Figure 12- 4.Suppose a disequilibrium price of $7.50 per movie ticket is imposed in this market.The consumer surplus becomes _ and the producer surplus becomes .
A) $31.25; $156.25
B) $0; $62.50
C) $2.50; $7.50
D) $62.50; $250
E) $62.50; $125
Correct Answer:
Verified
Q101: The diagram below shows cost and revenue
Q102: FIGURE 12- 3 Q103: If a perfectly competitive industry was suddenly Q104: The diagram below shows cost and revenue Q105: A regulated monopoly that faces rising long- Q107: The Canadian economy is achieving allocative efficiency Q108: Consider an industry with three profit- maximizing Q109: FIGURE 12- 1 Consider three firms,A,B and Q110: The deadweight loss of monopoly is Q111: FIGURE 12- 3 
A)any negative
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