Question 12 O out of 1 points Table: The Market for Acupuncture Market for Acupu

Question

Question 12 O out of 1 points Table: The Market for Acupuncture Market for Acupuncture Treatment Price per Quantity TreatmentsQuantity Treatments Demanded (monthlv) Supplied (monthly) 20 40 Treatment S 50 100 80 60 100 150 200 250 80 100 20 Reference: Ref 5-29 (Table: The Market for Acupuncture) Look at the table The Market for Acupuncture. The production quota of 20 acupuncture treatments creates a deadweight loss because there are additional transactions that would be welfare improving but would not take place under the quota. Selected Answer 80 80 60 40 20

Explanation / Answer

At the quota of 20 acupuncture treatment, there is an excess demand of 80 more. It will create a deadweight loss because those 80 demands are not met.

The answer is "80."

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