-The Above Figure Shows the Market Demand Curve for Mobile

question 68

Multiple Choice

-The above figure shows the market demand curve for mobile telecommunications (time spent on a mobile phone) . If the price were zero, consumer surplus equals

• A)$301.00.
• B)$924.50.
• C)$1,225.50.
• D)$1,250.00.

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Definitions:

Surveys

A method of gathering information from a sample of individuals through their responses to questions.

Independent Variable

The variable in an experiment that is manipulated or changed by the researcher to observe its effects on the dependent variable.

Productivity

The effectiveness and efficiency with which resources are used to produce goods and services.

Hawthorne Effects

Refers to the alteration of behavior by the subjects of a study due to their awareness of being observed.