{"id":1085,"date":"2017-10-15T11:16:57","date_gmt":"2017-10-15T05:16:57","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-surplus-consumers-receive-when-an-8-per-unit-price-floor-is-imposed-o\/"},"modified":"2017-10-15T11:16:57","modified_gmt":"2017-10-15T05:16:57","slug":"consider-a-market-characterized-by-the-following-inverse-demand-and-supply-functions-px-10-2qx-and-px-2-2qx-compute-the-surplus-consumers-receive-when-an-8-per-unit-price-floor-is-imposed-o","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-surplus-consumers-receive-when-an-8-per-unit-price-floor-is-imposed-o\/","title":{"rendered":"Consider a market characterized by the following inverse demand and supply functions: PX = 10 – 2QX and PX = 2 + 2QX. Compute the surplus consumers receive 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-1085","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. Compute the surplus consumers receive when an $8 per unit price floor is imposed on the market.ans:$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\/1085","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=1085"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1085"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1085"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}