Multiple Choice
Table 7-11
-Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. If the price is $4 but only 6 units are bought and sold, total surplus will be
A) $42.
B) $48.
C) $54.
D) $60.
Correct Answer:

Verified
Correct Answer:
Verified
Q148: The distinction between efficiency and equality can
Q181: Total surplus in a market is consumer
Q182: Alex tutors in his spare time for
Q183: Figure 7-11<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 7-11
Q185: A seller's opportunity cost measures the<br>A)value of
Q187: Scenario 7-1<br>Suppose market demand is given
Q188: Refer to Scenario 7-2. Suppose a
Q189: Figure 7-13<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 7-13
Q190: Ticket scalping can increase total surplus in
Q191: Figure 7-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 7-5