-In the Figure Above,suppose That $20 Is the Market Equilibrium

question 221

Multiple Choice

-In the figure above,suppose that $20 is the market equilibrium price.What is the amount of the consumer surplus?

• A) $3,375
• B) $3,000
• C) $375
• D) 150 units
• E) $1,500

---

Definitions:

Action Priorities

The determination and focusing on tasks or goals deemed most critical or beneficial to accomplish, often in the context of time management or strategic planning.

Time Frames

Specific periods during which activities, processes, or events are intended to happen or be completed.

Work Unit Performance

The effectiveness and efficiency of a group or team in achieving its assigned tasks and goals within an organization.

Functional Managers

Responsible for one area of activity, such as finance, marketing, production, human resources, accounting or sales.