-The Above Figure Shows the Market Demand Curve for Telecommunication

question 87

Multiple Choice

-The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone) .If the price were $2.50,consumer surplus equals

• A) $301.00.
• B) $924.50.
• C) $1,225.50.
• D) $0

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Definitions:

Social Security

A government program that provides financial assistance to people with an inadequate or no income, especially the elderly and disabled.

Payroll Taxes

Levies placed on either employers or employees, typically based on a proportion of the wages that staff receive from their employers.

Temperance

Moderation or self-restraint, especially in eating and drinking.

Prohibition

The period during which the manufacture, sale, and transportation of alcoholic beverages were banned in the United States through the 18th Amendment to the Constitution (1920-1933).