Refer to the figure above. What is the loss in the market-wide ...

[sheilaspns]

Refer to the figure above. What is the loss in the market-wide consumer surplus when the price of wine changes from 9 to 18?
 
  A) 144,000
  B) 30,000
  C) 57,000
  D) 0

Question 2

The quantity supplied of a good or service is the amount that
 
  A) producers wish they could sell at a higher price.
  B) is actually bought during a given time period at a given price.
  C) people are willing to buy during a given time period at a given price.
  D) producers plan to sell during a given time period at a given price.

[zogaridan]

Answer to Question 1

C

Answer to Question 2

D

[sheilaspns]

Wow, this really help

[6ana001]

Thanks for the timely response, appreciate it