If Price Is Set at $11 in the Market Shown

question 113

Multiple Choice

If price is set at $11 in the market shown in the graph, consumer surplus will consist of areas:

• A)A + B + G.
• B)B + G + L
• C)A + B + C + G + H + L
• D)A + B + C + G + H + I + J

---

Definitions:

Promissory Note

A financial document in which one party promises to pay a certain sum of money to another party under agreed terms.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Dishonored

Refers to a financial instrument, such as a check or promissory note, that has not been paid upon presentation because of insufficient funds or other reasons.

Interest Revenue

Income received from investments in bonds, loans, or other interest-bearing instruments, representing the compensation for lending funds or capital.