-The Above Figure Shows the Market Demand Curve for Telecommunication

question 141

Multiple Choice

-The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone) .The current price is $0.35 per minute.If the price were to increase by ten cents per minute,consumer surplus would

• A) fall to $820.
• B) fall by $84.
• C) fall by $58.
• D) fall to $369.

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Definitions:

Cleaning Service

A company or service provided by workers who perform cleaning tasks for residential or commercial spaces.

Variable Cost Percentage

The ratio of variable costs to sales, used to assess how costs change in relation to changes in a business's sales volume.

Fixed Costs

Costs that do not fluctuate with the level of production or sales, such as rent, insurance, and salaries.

Sales Dollars

The total monetary value of sales transactions completed within a specific period.