After a Price Floor of $23 Is Placed on the Market

question 31

Multiple Choice

After a price floor of $23 is placed on the market in the graph shown,which area represents total surplus?

• A) A
• B) B + C + E + F
• C) A + B + E
• D) A + B + C + E + F

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Definitions:

Hardware

A tangible, physical item, such as the keyboard or monitor.

Device Manager

A Windows OS utility that allows users to view and control the hardware attached to the computer, including troubleshooting hardware issues.

USB Port

A port on a motherboard or on an adapter that allows the connection of up to 127 devices.

Power

A measurement, expressed in watts, that represents how much work is being done.