The Following Figure Shows the Demand Curve, D, and the Supply

question 178

Multiple Choice

The following figure shows the demand curve, D, and the supply curve, S, for calculators in Barylia. The world price of calculators is $40.

-Refer to the figure above.What is the producer surplus before Barylia opens up to free trade?

• A) $125
• B) $250
• C) $400
• D) $325

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Definitions:

Output Word

A data structure or unit in digital electronics and computing used to represent output values or states.

Sequencer Program

A computer program designed to manage the execution order of other programs or instructions in a sequence.

Sequencer Instructions

Instructions used in PLC programming to execute a series of operations or control a process step by step.

Retentive

Pertaining to a device or process that retains its state or data even after power is lost or reset.