Assume the Market in the Graph Is in Equilibrium at Demand

question 78

Multiple Choice

Assume the market in the graph is in equilibrium at demand (D) and supply (S₁) . If supply shifts to S₂, and a new equilibrium is reached, which of the following statements is true?

• A) Consumer surplus increases by $45.
• B) Producer surplus decreases by $45.
• C) Consumer surplus increases by $90.
• D) Total surplus increases by $45.

Understand the significance of audience profile sheets in gathering and organizing information about the target audience.

Determine relevant information about key stakeholders to tailor communication effectively.

Grasp the procedure to follow after analyzing the audience and purpose, including drafting and research.

Comprehend the dynamics within cultures and how they affect organizational communication.

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Definitions:

Tax Deductible

Expenses that can be subtracted from gross income to reduce taxable income, ultimately decreasing the tax owed.

Dividends

Money distributed to shareholders by a corporation, usually from the company's profits.

Business Expense

Costs incurred in the ordinary course of business, including salaries, rent, and office supplies, among others.

Dividend Growth Rate

The yearly percent increase in a corporation's dividends for each share.