Table 7-9 -Refer to Table 7-9.Both the Demand Curve and the Supply

question 34

Multiple Choice

Table 7-9

-Refer to Table 7-9.Both the demand curve and the supply curve are straight lines.At equilibrium,total surplus is

• A) $32.
• B) $48.
• C) $64.
• D) $96.

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Definitions:

Laceration Hazard

A potential risk of cuts or tears on the skin or other parts of the body, typically identified in safety protocols for equipment or environments.

Bill Of Exchange

An instrument in writing, signed by the drawer and addressed to the drawee, ordering the drawee to pay a sum certain in money to the payee named therein (or bearer) at some fixed or determinable future time, or on demand.

Drawer

In the context of banking and finance, the individual or entity that writes and signs a check, thereby instructing the bank to pay the stated amount to another party.

Acceptor

In the context of banking and finance, an entity that accepts a bill of exchange or draft, agreeing to pay the amount to the holder at a specified date.