-Given the Demand Curve in This Graph,if Price Were $2

question 37

Multiple Choice

-Given the demand curve in this graph,if price were $2.00,how much is consumer surplus?

• A)$0
• B)$1.50
• C)$5.00
• D)$10.50

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Definitions:

General Journal

A bookkeeping ledger that records every financial transaction of a business in chronological order.

Revenues Journal

A record of sales and income transactions, typically used in accounting to track and manage revenue generation.

Cash Receipts Journal

An accounting journal used to record all cash inflows or money received by the business.

All-purpose Journal

A general ledger used in accounting to record financial transactions that do not fit specifically into other specialized journals.