Assume the Market Depicted in the Graph Is in Equilibrium

question 61

Multiple Choice

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

• A) $160
• B) $180
• C) $320
• D) $360

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Definitions:

Low Tide

The state of the tide when it is at its lowest level, resulting in the minimal reach of seawater on the shore.

Lateral Movement

The horizontal movement of Earth's crust, often associated with tectonic activities.

Slope of Beach

The incline or gradient of a beach surface, which can directly affect the waves' intensity and the speed at which water retreats back into the sea.

Sediment Movement

The process by which sediment is transported by natural forces such as water flow, wind, or ice.