Refer to Figure 19

question 104

Multiple Choice

Refer to Figure 19.1.Ben's consumer surplus is equal to

• A)$50.
• B)$100.
• C)$200.
• D)$0.

---

Definitions:

Collectively

refers to actions or measures taken as a whole by a group of people or entities.

Primarily Liable

Having the main or first responsibility for a debt or obligation.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee’s name on it.

Valid Defense

A legitimate legal reason presented in a court to counteract or negate allegations made in a lawsuit.