Arrange the Quantities in Order from Smallest to Largest

question 88

Multiple Choice

Arrange the quantities in order from smallest to largest.
-43 km, 340 m, 720 hm

• A) 340 m, 43 km, 720 hm
• B) 43 km, 720 hm, 340 m
• C) 340 m, 720 hm, 43 km
• D) 720 hm, 340 m, 43 km

---

Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, evidencing economic benefit.

Costume Jewelry

Jewelry made from inexpensive materials and imitation gems, designed to provide an attractive appearance at a lower cost than jewelry made from precious metals and stones.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.