Ask Question
BusinessBusiness
6 December, 00:51

7. At a price of $2.00, total surplus is A. larger than it would be at the equilibrium price. B. the same as it would be at the equilibrium price. C. smaller than it would be at the equilibrium price. D. There is insufficient information to make this determination.

+1
Answers (1)
  1. 6 December, 01:06
    0
    Answer: Option (D) is correct.

    Explanation:

    There is insufficient information for making any comments on the total surplus when price is $2.00.

    Total surplus is a combination of two components that are producer surplus and consumer surplus.

    we are not able to comment anything on total surplus untill we have some details on equilibrium price. Once the details of equilibrium are available then we are able to measure total surplus.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “7. At a price of $2.00, total surplus is A. larger than it would be at the equilibrium price. B. the same as it would be at the equilibrium ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Will and kendrick live in a state that requires that contracts involving transactions over $500 be in writing. if they enter a verbal agreement to buy a car for $1,500, this contract is
Answers (1)
GGT Ad Agency, an advertising firm, requires its employees to be at work between the hours of 11:00 a. m. and 2:00 p. m. This work rule allows employees to work additional hours before or after the time period in order to work the full day.
Answers (1)
The Federal Deposit Insurance Corporation (FDIC) insure account holder's accounts for up to ___. A. $100,000 B. $150,000 C. $200,000 D. $250,000
Answers (1)
In a traditional enterprise, the flow of costs through the system is: a. materials inventory, work-in-process inventory, cost of goods sold, finished goods inventory. b. work-in-process inventory, materials inventory, finished goods. c.
Answers (1)
On january 1 of 2015, parson freight company issues 9.0%, 10-year bonds with a par value of $3,400,000. the bonds pay interest semi-annually. the market rate of interest is 10.0% and the bond selling price was $3,168,967.
Answers (1)
New Questions in Business
Transfer payments are not included in gdp calculation because these are
Answers (1)
In which year were tobacco commercials banned from network television in the united states?
No Answers
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.
Answers (1)
Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.
Answers (1)
Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.
Answers (1)
Home » Business » 7. At a price of $2.00, total surplus is A. larger than it would be at the equilibrium price. B. the same as it would be at the equilibrium price. C. smaller than it would be at the equilibrium price. D.
Sign Up Forgot Password?