13. What is the efficient equilibrium in Figure B? a) P=$22, Q=8 b) P=$$16, Q=14 c) P=$12, Q=8 d) P=$10, Q=8

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter27: Investment, The Capital Market, And The Wealth Of Nations
Section: Chapter Questions
Problem 13CQ
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QUESTION 13
28
24
20
16
12
8
4
0
P
0
4
8
Fig A
12
13. What is the efficient equilibrium in Figure B?
a) P=$22, Q=8
b) P=$$16, Q=14
c) P=$12, Q=8
d) P=$10, Q=8
e) P=$8, Q=4
16
MSC
D=MB
20
S=MC
24
28
24
20
16
12
8
4
0
P
0
4 8
Fig B
12
S=MC
D=MB
16
20
MSB
24
Q
Transcribed Image Text:QUESTION 13 28 24 20 16 12 8 4 0 P 0 4 8 Fig A 12 13. What is the efficient equilibrium in Figure B? a) P=$22, Q=8 b) P=$$16, Q=14 c) P=$12, Q=8 d) P=$10, Q=8 e) P=$8, Q=4 16 MSC D=MB 20 S=MC 24 28 24 20 16 12 8 4 0 P 0 4 8 Fig B 12 S=MC D=MB 16 20 MSB 24 Q
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