Assume the Market Depicted in the Graph Is in Equilibrium

question 5

Multiple Choice

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

• A) $54,000
• B) $72,000
• C) $126,000
• D) $108,000

---

Definitions:

Intermarriage

The marriage between people of different racial, ethnic, religious, or social groups, often discussed in the context of social integration and diversity.

Ethnic Groups

Communities or populations sharing a common culture, ancestry, language, or social experiences.

Bureaucratic Innovations

New methods or improvements introduced within administrative and organizational structures to enhance efficiency and productivity.

Productivity

Refers to the amount of goods or services produced for every hour worked.