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Assume the Market in the Graph Shown with Demand D

Question 75

Multiple Choice

Assume the market in the graph shown with demand D and supply S<sub>1</sub> is in equilibrium at a quantity of 5 units.Total surplus is: A) $5. B) $15. C) $12.50. D) $60. Assume the market in the graph shown with demand D and supply S1 is in equilibrium at a quantity of 5 units.Total surplus is:


A) $5.
B) $15.
C) $12.50.
D) $60.

Correct Answer:

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