Refer to the above figure. At a price of $6, excess quantity supplied equals

A. 15.
B. 12.
C. 0.
D. infinity.

Answer: C

Economics

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Drug trafficking leads to

A. a net outflow of money from the United States. B. a net inflow of money into the United States. C. no net outflow or net inflow.

Economics

Two firms, Acme and FirmCo, have access to five production processes, each of which has a different cost and gives off a different amount of pollution. The daily costs of the processes and the corresponding number of tons of smoke emitted are shown in the table below.Process(smoke/day) A(10 tons/day) B(8 tons/day) C(6 tons/day) D(4 ton/day) E(2 tons/day) Cost to Acme ($/day) $750$800$1,000$1,400$2,000 Cost to FirmCo ($/day) $500$750$1,200$2,200 $4,000If pollution is unregulated, the two firms will produce using process ________, and a total of ________ tons of smoke will be emitted each day.

A. C; 12 B. D; 4 C. A; 20 D. B; 16

Economics