Assume the Market Depicted in the Graph Is in Equilibrium

question 9

Multiple Choice

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

• A)$160
• B)$180
• C)$320
• D)$360

---

Definitions:

Prospective Employers

Entities or individuals considering hiring someone for a job or position.

Application Letter

A document sent with one's resume to provide additional information on one's skills and experience, typically when applying for a job.

Company's Correspondence

Official communication or documents exchanged by a company with its stakeholders, including emails, letters, and memos.

Final Paragraph

The concluding section of a piece of writing, summarizing the main points or providing a final perspective.