Figure: Basic Supply and Demand

question 32

Multiple Choice

Figure: Basic Supply and Demand
M
In a free market, as illustrated in the diagram, total gains from trade are greatest when:

• A) 60 units are sold at a price of $2.
• B) 40 units are sold at a price of $3.
• C) 60 units are sold at a price of $4.
• D) 50 units are sold at a price of $3.

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Definitions:

Menopause

The time in a woman's life marking the end of her menstrual cycles, typically occurring 12 months after her last period.

Menstrual Cycles

The monthly series of changes a woman's body goes through in preparation for the possibility of pregnancy.

Pregnant Woman

A female who is in the state of carrying a developing embryo or fetus within her body.

Alcohol

Alcohol typically refers to ethanol, a psychoactive substance found in beverages like beer, wine, and spirits, known to have effects on the nervous system.