Suppose That the Demand Curve for Brown Rice Is Given

question 52

Multiple Choice

Suppose that the demand curve for brown rice is given P= 50,000 - 3Q², and supply is P = -10,000 + 3Q². The consumer surplus at the equilibrium price is ____.

• A) $1,000,000
• B) $200,000
• C) $100,000
• D) $2,000,000

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Definitions:

Environmental Policies

Guidelines and regulations aimed at managing human impact on the environment, promoting sustainability, and protecting natural resources.

Ecosystem Diversity

The variety of different ecosystems within a region, contributing to the overall biodiversity and health of the environment.

Biodiversity

is the variety and variability of life on Earth, encompassing the diversity of species, ecosystems, and genetic variations.

Carbon Sink

Natural matter that absorbs more carbon than it emits.