Use the Following to Answer Question

question 100

Multiple Choice

Use the following to answer question:
-(Table: Pumpkin Market) There are two consumers,Andy and Ben,in the market for pumpkins.Their willingness to pay for each pumpkin is shown in the table Pumpkin Market.There are two producers of pumpkins,Cindy and Diane,and their costs are also shown.The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5.At the equilibrium price and quantity,total consumer surplus is:

• A)$10.
• B)$8.
• C)$6.
• D)$0.

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Definitions:

First Hundred Days

A term often used to measure the early effectiveness and achievements of a U.S. President's administration, originating from Franklin D. Roosevelt's rapid implementation of New Deal policies.

Regulated

Subject to rules, laws, or controls put in place by governing bodies to maintain order, safety, or standards.

Homeowners

Individuals who own the home in which they live, holding title to the property.

Father Charles Coughlin

A controversial Roman Catholic priest from Canada who became famous in the United States for his politically charged radio broadcasts in the 1930s.