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) $2.50; $7.50
B) $62.50; $250
C) $62.50; $125
D) $0; $62.50
E) $31.25; $156.25

Question

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) $2.50; $7.50 
B) $62.50; $250 
C) $62.50; $125 
D) $0; $62.50 
E) $31.25; $156.25

Quizplus · Accepted Answer

The Answer of 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) $2.50; $7.50 
B) $62.50; $250 
C) $62.50; $125 
D) $0; $62.50 
E) $31.25; $156.25

The Diagram Below Shows Supply, Demand, and Quantity Exchanged of Monday