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