According to the Graph Shown,total Surplus Is

question 47

Multiple Choice

According to the graph shown,total surplus is:

• A) $25.
• B) $90.
• C) $50.
• D) $130.

---

Definitions:

Decrease in Demand

A condition where consumers show less interest in purchasing a product, leading to a leftward shift in the demand curve.

Substitute Goods

Products or services that can be used in place of each other, offering consumers choices when making purchases.

Bumper Crop

An unusually large harvest of crops in a given season.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.