(Figure: Determining Surplus and Loss) in the Graph, Consumer Surplus

question 219

Multiple Choice

(Figure: Determining Surplus and Loss) In the graph, consumer surplus is _____ in equilibrium and _____ at a price of $5.

• A) $40; $160
• B) $40; $330
• C) $160; $40
• D) $160; $180

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Definitions:

Gender Roles

Societal norms dictating the types of behaviors which are generally considered acceptable, appropriate, or desirable for people based on their actual or perceived sex or gender.

Cultural Stereotypes

Oversimplified and generalized views held about a particular group of people or culture, often without personal experience or knowledge.

Gender Identity

Knowledge that one is female or male. Also, the name of the first stage in Kohlberg’s cognitive-developmental theory of the assumption of gender roles.

Egalitarian

A principle that emphasizes equality and equal rights among all people, advocating for the removal of inequalities among people.