Table 7-3
Market Supply and Demand for Good X -Refer to Table 7-3

question 77

Multiple Choice

Table 7-3
Market supply and demand for good X
$\begin{array}{|c|c|c|}\hline \text { Price (\$) } & \text { Quantity demanded } & \text { Quantity supplied } \\\hline 12.00 & 0 & 36 \\\hline 10.00 & 12 & 30 \\\hline 8.00 & 24 & 24 \\\hline 6.00 & 36 & 18 \\\hline 4.00 & 48 & 12 \\\hline 2.00 & 60 & 6 \\\hline 0.00 & 72 & 0 \\\hline\end{array}$
-Refer to Table 7-3.At a price of $6.00, total surplus would be:

• A)more than it would be at the equilibrium price
• B)less than it would be at the equilibrium price
• C)the same as it would be at the equilibrium price
• D)there is insufficient information to say

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Definitions:

Scanf()

A function in C programming used to read formatted input from the standard input (keyboard).

Conversion Control Sequences

Patterns in a format string that specify how to convert and format data types for input/output operations.

Scanf()

A function in C programming that allows the reading of formatted input from stdin (standard input stream).

Data Type

A data type is a classification of data which tells the compiler or interpreter how the programmer intends to use the data. This classification determines the types of operations that can be performed on the data.