Figure: Consumer Surplus II

question 186

Essay

Figure: Consumer Surplus II
(Figure: Consumer Surplus II) Look at the figure Consumer Surplus II.If the price of the good is $2, consumer surplus will equal:
A.$30.
B.$45.
C.$60.
D.$90.

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Definitions:

Market Value

The dollar amount required to replace the inventory as of the inventory date.

Stock Selling

The process of disposing shares of a company to investors in exchange for capital, also referred to as stock trading when done frequently.

Dollar Amount

The value of an item, service, or amount expressed in terms of U.S. dollars.

Interest Earned

The income received from investing in financial instruments that pay interest, such as savings accounts, bonds, or certificates of deposit.