Figure 38 Alt Text for Figure 3

question 4

Multiple Choice

Figure 3.8 Alt text for Figure 3.8: In figure 3.8, a graph plotting intersecting supply and demand curves represents the market for canvas tote bags.
Long description for Figure 3.8: The x-axis is labelled, Quantity, with the values 0, 10, 20, 50, 75, and 100 marked.The y-axis is labelled, Price, with the values 0, 15, 25, and 50 dollars marked.Curve D is a straight line which slopes down from the top left corner to the bottom right corner.Curve S is a straight line which begins in the bottom left corner and slopes up to the top right corner.The equilibrium of the 2 curves is (50,25) .The point plotted on curve S to the left of equilibrium is (20,15) .The point plotted on curve D to the right of point of equilibrium is (75,15) .The point plotted to the right of equilibrium on curve S is (100,50) .The point plotted to the right of the equilibrium on curve D is (10,50) .
-Refer to Figure 3.8.The figure above represents the market for canvas tote bags.Compare the conditions in the market when the price is $50 and when the price is $35.Which of the following describes how the market differs at these prices?

• A)At each price there is a surplus; the surplus is greater at $35 than at $50.
• B)The difference between quantity supplied and quantity demanded is greater at $50 than at $35.
• C)At each price there is a surplus; firms will lower the equilibrium price in order to eliminate the surplus.
• D)At each price the supply of tote bags exceeds that demand for tote bags.

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Definitions:

Cyclones

Large scale air mass that rotates around a strong center of low atmospheric pressure, associated with storms and bad weather.

Environmental Racism

The disproportionate impact of environmental hazards on minority communities due to discriminatory practices.

Disproportionately

Refers to an unequal or imbalanced distribution or representation in comparison with a standard or expected ratio.

Air Pollution

The presence of substances in the atmosphere that are harmful to the health of humans and other living beings or cause damage to the climate or to materials.