Refer to the Figure Shown

question 26

Multiple Choice

Refer to the figure shown.
If more substrate is added to the reaction system of line C in the figure, what would be the most likely outcome?

• A) The curve of line C would shift toward line B.
• B) The V_max will increase.
• C) K_m will decrease.
• D) The curve will remain the same.

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Definitions:

Total Surplus

The sum of consumer surplus and producer surplus, representing the total net benefit to society from producing and consuming a good or service.

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Producer Surplus

The gap between the price producers are ready to take for offering a product or service and the actual payment they receive.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit consumers receive.