-Given the Demand Curve in This Graph,if Price Were $1

question 2

Multiple Choice

-Given the demand curve in this graph,if price were $1.00,how much is consumer surplus?

• A)$0
• B)$1.50
• C)$5.00
• D)$10.50

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Definitions:

Dow Chemical Canada

A subsidiary of The Dow Chemical Company, operating in Canada and focused on the manufacture and supply of chemical products.

Strategic Plan

An organized procedure for forecasting a preferred future, and turning this forecast into wide-ranging goals or objectives, followed by a plan of action to accomplish them.

Service-Quality Dimension

Aspects that customers use to evaluate the performance and quality of a service, including reliability, responsiveness, assurance, empathy, and tangibles.

Tangibles

Physical items or properties that can be seen, touched, and measured, as opposed to intangible assets like patents or copyrights.