Use the Following to Answer Question

question 85

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 surplus is:

• A)$40.
• B)$36.
• C)$24.
• D)$8.

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Definitions:

Southern Republicans

Refers to members of the Republican Party in the Southern United States, especially significant during the Reconstruction era after the Civil War.

Reconstruction

The period after the Civil War in the United States, from 1865 to 1877, focused on the federal government's efforts to restore and rebuild the Southern states that had seceded and integrate African American slaves into society as free men and women.

Economic Essence

The core or fundamental aspect of an economy, typically referring to its main drivers such as industry, services, or technologies that determine economic health.

Political Agenda

A set of priorities or objectives set by politicians or political parties, often outlining proposed policies and goals.