Price Is $50 and Quantity Demanded Is 2,000 Units at Point

question 25

Multiple Choice

Price is $50 and quantity demanded is 2,000 units at point A on a linear demand curve. The linear supply curve intersects the demand curve at point B, which is at a price of $30 and 3,000 units. Which of the following statements is true?

• A) Moving from point A to point B causes consumer surplus to rise by $50,000.
• B) Moving from point A to point B causes consumer surplus to rise by $10,000.
• C) Moving from point B to point A causes consumer surplus to rise by $10,000.
• D) Moving from point B to point A causes consumer surplus to rise by $50,000.

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Definitions:

Leukocytes

White blood cells that are part of the immune system, defending the body against infection and disease.

Formed Elements

The cells and cell fragments in the blood, such as red blood cells, white blood cells, and platelets, that are critical for blood clotting, oxygen transport, and immune defense.

Oxygen Transport

The process of delivering oxygen from the lungs to the tissues via the blood.

Leukocytes

White blood cells that are part of the immune system, involved in protecting the body against both infectious disease and foreign invaders.