The Figure Below Shows the Demand Curve for a Product

question 117

Multiple Choice

The figure below shows the demand curve for a product that can be sold only in whole-number amounts. At a price of $15 per unit, what would be the total consumer surplus in this market each day?

• A)$0
• B)$6
• C)$15
• D)$75

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Definitions:

Machiavellianism

A personality trait characterized by a manipulative, deceitful, and exploitative approach to interpersonal relationships and strategies.

Behaviors

The actions or reactions of an individual or group in response to external or internal stimuli.

Culturally Aware

Having an understanding of and sensitivity to the values, practices, and customs of different cultures.

Multicultural Teams

Work groups composed of members with diverse cultural, racial, and ethnic backgrounds.