Refer to the Graph Shown

question 174

Multiple Choice

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

• A)500.
• B)1,000.
• C)1,500.
• D)2,000.

---

Definitions:

U.S. Constitution

The foundational legal document establishing the framework of the federal government and the rights of American citizens.

A Statute

A written law passed by a legislative body at the federal or state level.

Case Law

Law established by previous court decisions and used as a precedent in other cases.

Compilations

Collections of documents, data, or other materials that are gathered and arranged systematically.