Multiple Choice
Figure 7-18
-Refer to Figure 7-18.Total surplus amounts to $500 if consumer surplus amounts to
A) $290 and if the price of the good is $150.
B) $300 and if the price of the good is $130.
C) $275 and if the price of the good is $160.
D) $400 and if the price of the good is $100.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: Which of the following is correct?<br>A)Efficiency deals
Q22: Figure 7-27 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-27
Q23: If the government allowed a free market
Q24: Figure 7-19 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-19
Q25: Economists tend to see ticket scalping as<br>A)a
Q27: At present,the maximum legal price for a
Q28: Inefficiency exists in an economy when a
Q29: Figure 7-27 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-27
Q30: Figure 7-23 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-23
Q31: Which of the following statements is not