The Diagram Below Shows Supply, Demand, and Quantity Exchanged of Monday

question 62

Multiple Choice

The diagram below shows supply, demand, and quantity exchanged of Monday matinee movie tickets. Assume it is a perfectly competitive market. FIGURE 12- 4
-Refer to Figure 12- 4. What is the total economic surplus generated in this market at the allocatively efficient level of output?

• A) $500
• B) $125
• C) $250
• D) $5
• E) $10

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