-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:

Public Sector Strikes

Work stoppages or protests initiated by employees within government services or institutions to press for better working conditions or pay.

Public Interest

The welfare or well-being of the general public and society.

Employer's Cost

Refers to the expenses borne by an employer in the course of business, including wages, benefits, training, equipment, and other costs related to employing and maintaining a workforce.

Union's Demands

Specific requirements or conditions that a labor union seeks to achieve through negotiation with employers.