According to the graph shown, if the market goes from equilibrium to having its price set at $18:
A) producer surplus will be $8,100.
B) consumer surplus will be $12,150.
C) deadweight loss will be $2,250.
D) deadweight loss will be $1,500.

Question

According to the graph shown, if the market goes from equilibrium to having its price set at $18:
A) producer surplus will be $8,100. 
B) consumer surplus will be $12,150. 
C) deadweight loss will be $2,250. 
D) deadweight loss will be $1,500.

Quizplus · Accepted Answer

The Answer of  According to the graph shown, if the market goes from equilibrium to having its price set at $18:
A) producer surplus will be $8,100. 
B) consumer surplus will be $12,150. 
C) deadweight loss will be $2,250. 
D) deadweight loss will be $1,500.

According to the Graph Shown, If the Market Goes from Equilibrium