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The Figure Below Shows the Supply and Demand Curves for Oranges

Question 75

Multiple Choice

The figure below shows the supply and demand curves for oranges in Smallville. The figure below shows the supply and demand curves for oranges in Smallville. When this market is in equilibrium, total economic surplus is ______ per day. A) $0 B) $80 C) $160 D) $320 When this market is in equilibrium, total economic surplus is ______ per day.


A) $0
B) $80
C) $160
D) $320

Correct Answer:

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