Use the Following to Answer Questions

question 10

Multiple Choice

Use the following to answer questions:
Figure: Supply and Demand 4
-(Figure: Supply and Demand 4) Refer to the figure. If the good is purchased by those with the highest willingness to pay, what is the value of consumer surplus in the figure at the price ceiling of $8?

• A) $54
• B) $136
• C) $36
• D) $45

---

Definitions:

Shared Responsibility

The concept that duties and obligations are distributed among members of a group, leading to collective accountability.

Goal-oriented

Being goal-oriented refers to having a focus on setting and achieving specific objectives, driving actions and decisions towards desired outcomes.

Relations-oriented

Focused on building and maintaining positive relationships among team members or within an organization.

Company-oriented

Refers to the approach or policies tailored to prioritize the interests and goals of a company.