Table 7-3 The Only Four Consumers in a Market Have the Following

question 10

Multiple Choice

Table 7-3
The only four consumers in a market have the following willingness to pay for a good:

-Refer to Table 7-3.If the price is $30,then consumer surplus in the market is

• A) $20,and Wilbur and Ming-la purchase the good.
• B) $20,and Carlos and Quilana purchase the good.
• C) $30,and Wilbur and Ming-la purchase the good.
• D) $30,and Carlos and Quilana purchase the good.

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Definitions:

Ovary

In flowering plants, the enlarged, ovule-bearing portion of the carpel that develops into a fruit; female gonad in animals that produces an egg and female sex hormones.

Anther

Male structure of a flowering plant where pollen is produced; attached to the flower by the filament.

Filament

End-to-end chains of cells that form as cell division occurs in only one plane; in plants, the elongated stalk of a stamen.

Stamen

The male reproductive organ of a flower, typically consisting of a filament and an anther, which produces pollen.