Question 11: Price Question 12: Question 14: Price 45 Supply N & ® ° * 10 + N Su

Question

Question 11: Price Question 12: Question 14: Price 45 Supply N & ® ° * 10 + N Supply 988 00+ un 8 * * 8 Demand 0 10 20 30 40 50 60 70 80 90 100 Quantity Refer to the Figure. Consumer surplus without the tax is O $180, and consumer surplus with the tax is $80. O $360, and consumer surplus with the tax is $160. O $160, and consumer surplus with the tax is $360. O $720, and consumer surplus with the tax is $320. Social Val Demand 1 2 3 4 5 6 8 - 10 11 12 13 14 15 16 17 Qu: Refer to the Figure. This market O has negative externalities. O has no externalities. O has positive externalities. O has no market equilibrium. 40 80 120 160 200 240 Quantity Refer to the Figure. If the equilibrium price is $40, what is the producer surplus?| Applications Online Purchases MEMES O $9,600 ez SOMETHIN O $1,200 O $4,800 O $2,400 10610833020 GPG: wp .093615495 n.jpg

Explanation / Answer

11. The correct answer is B. The consumer surplus is the area between the demand curve and the market price,

12. The correct answer is C.

13. The correct answer is C.

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