The Following Table Contains Data for Bahkan for the Year

question 158

Multiple Choice

The following table contains data for Bahkan for the year 2017.

-Refer to the above table.Disposable personal income for Bahkan in 2017 is ________.

• A) $74
• B) $88
• C) $108
• D) $126

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Definitions:

Equilibrium Point

The condition in a market where the supply of goods matches demand, leading to a stable price and quantity for the good or service.

S And D Curves

In economics, the supply and demand curves which graphically represent the relationship between the quantity of goods that producers are willing to sell and consumers are willing to buy at different price levels.

Consumer Surplus

The contrast between the total price consumers are willing to pay for a good or service and the actual amount paid.

Equilibrium Point

In economics, it refers to the state where market supply equals demand, resulting in a stable price and quantity.