{"id":1083,"date":"2017-10-15T11:20:13","date_gmt":"2017-10-15T05:20:13","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/consider-a-market-characterized-by-the-following-inverse-demand-and-supply-functions-px-10-2qx-and-px-2-2qx-compute-the-loss-in-social-welfare-when-an-8-per-unit-price-floor-is-imposed-on-t\/"},"modified":"2017-10-15T11:20:13","modified_gmt":"2017-10-15T05:20:13","slug":"consider-a-market-characterized-by-the-following-inverse-demand-and-supply-functions-px-10-2qx-and-px-2-2qx-compute-the-loss-in-social-welfare-when-an-8-per-unit-price-floor-is-imposed-on-t","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/consider-a-market-characterized-by-the-following-inverse-demand-and-supply-functions-px-10-2qx-and-px-2-2qx-compute-the-loss-in-social-welfare-when-an-8-per-unit-price-floor-is-imposed-on-t\/","title":{"rendered":"Consider a market characterized by the following inverse demand and supply functions: PX = 10 – 2QX and PX = 2 + 2QX. Compute the loss in social welfare when an $8 per unit price floor is imposed on the market."},"content":{"rendered":"","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[59],"subject":[5],"class_list":["post-1083","mcq","type-mcq","status-publish","hentry","topic-demand-and-supply","subject-managerial-economics"],"mcq_note":"Consider a market characterized by the following inverse demand and supply functions: PX = 10 - 2QX and PX = 2 + 2QX.the loss in social welfare when an $8 per unit price floor is imposed on the market is $1.","mcq_options":[{"right":"no","answer":" $0"},{"right":"yes","answer":" $1"},{"right":"no","answer":" $2"},{"right":"no","answer":" $3"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":59,"title":"Demand and Supply","slug":"demand-and-supply"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/1083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=1083"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1083"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1083"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}