Assume the Market Depicted in the Graph Is in Equilibrium

question 85

Multiple Choice

Assume the market depicted in the graph is in equilibrium. What is consumer surplus?

• A) $30
• B) $80
• C) $120
• D) $200

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Definitions:

Approach Goal

A goal that focuses on achieving a positive outcome or moving towards something desirable.

Avoidance-Avoidance Conflict

A psychological conflict that arises when an individual must choose between two negative or undesirable options.

Performance Goals

Objectives set for specific achievements or outcomes, often used to evaluate an individual's effectiveness.

Mastery Goals

Objectives focused on developing competence or mastering a skill rather than comparing oneself to others.