Table 7-11
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-Refer to Table 7-11

question 145

Multiple Choice

Table 7-11
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​
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Price } \\\text { (Dollars per unit) }\end{array} & \begin{array} { c } \text { Quantity Demanded } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { (Units) }\end{array} \\\hline 12.00 & 0 & 36 \\\hline 10.00 & 3 & 30 \\\hline 8.00 & 6 & 24 \\\hline 6.00 & 9 & 18 \\\hline 4.00 & 12 & 12 \\\hline 2.00 & 15 & 6 \\\hline 0.00 & 18 & 0 \\\hline\end{array}$$ ​
-Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. At equilibrium, total surplus is

• A)$44.
• B)$56.
• C)$72.
• D)$96.

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Definitions:

Racism

A belief or doctrine that inherent differences among the various human racial groups determine cultural or individual achievement, often involving the idea that one's own race is superior and has the right to dominate others.

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The legal privilege granted to citizens to participate in the electoral process, choosing leaders or deciding on legislative matters through a ballot.

Intellectuals

Intellectuals are individuals engaged in critical thinking and analysis, often concerned with matters of culture, politics, or academia.