Refer to the Graph Shown

question 155

Multiple Choice

Refer to the graph shown. After an increase in supply, the market is in equilibrium where the demand curve intersects S₁. In this new equilibrium, consumer surplus is equal to:

• A) 1,260.
• B) 1,500.
• C) 2,700.
• D) 2,940.

---

Definitions:

Emotions

Complex psychological states involving thoughts, feelings, physiological changes, and behaviors in response to stimuli.

Thought

The mental process that involves an individual's conscious reflections, considerations, and ruminations.

Generalized State

A condition or situation that applies broadly, not limited to specific instances, often referring to widespread effects or characteristics.

Affect

A psychological term referring to the underlying experience of feeling, emotion, or mood.