Use the Table Below to Answer the Following Questions

question 18

Multiple Choice

Use the table below to answer the following questions.
Table 6.4.1
-Refer to Table 6.4.1.The table shows the demand and supply schedules for rice.The market for rice is in equilibrium.With a subsidy of $0.30 a box,the price of a box of rice is ________,the marginal cost of producing rice is ________ a box,and the quantity of rice produced is ________ boxes.

• A)$1.40;$1.40;2,500
• B)$1.20;$1.50;2,500
• C)$1.20;$1.50;3,000
• D)$1.50;$1.20;3,000
• E)$1.50;$1.20;2,500

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Definitions:

Short-term Memory

A type of memory that holds a small amount of information for a short period of time, usually around 20 seconds.

Working Memory

Another term for short-term memory.

Short-term Memory

The part of memory where small amounts of information can be held for a short period of time, typically a few seconds to a minute.

Semantic Memory

General knowledge, as opposed to episodic memory.