Refer to the Graph Shown

question 27

Multiple Choice

Refer to the graph shown. When the market is in equilibrium, consumer surplus is equal to:

• A) 1,125.
• B) 1,500.
• C) 2,250.
• D) 2,500.

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Highly Rewarded Positions

Occupations or roles within a structure or system that offer significant compensation, prestige, or privileges compared to others.

Indian Constitution

The supreme law of India, laying down the framework demarcating fundamental political code, structure, procedures, powers, and duties of government institutions and sets out fundamental rights, directive principles, and the duties of citizens.

Caste System

A traditional social system in certain societies where people are divided into distinct ranks and classes from which it is difficult or impossible to move from one class to another.

Salaries

Periodic payments made by employers to employees, usually monthly or biweekly, in return for the performance of work.