Author Question: At the equilibrium price, deadweight loss is: a. minimized. b. zero. c. maximized. d. equal to ... (Read 51 times)

B

  • Hero Member
  • *****
  • Posts: 570
At the equilibrium price, deadweight loss is:
 a. minimized.
  b. zero.
  c. maximized.
  d. equal to the equilibrium price multiplied by the quantity exchanged.

Question 2

Deadweight loss is not the result of:
 a. an efficient market. b. an inefficient market.
  c. zero consumer surplus. d. zero producer surplus.



AmberC1996

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

b

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

For a complete list of videos, visit our video library