Table 5.7 -Refer to Table 5.7.The Equations Above Describe the Demand and the Demand

question 53

Multiple Choice

Table 5.7
-Refer to Table 5.7.The equations above describe the demand and supply for Bubba's Fried Jellybeans.The equilibrium price and quantity for Bubba's Fried Jellybeans are $40 and 5 thousand units.What is the value of consumer surplus?

• A)$5 thousand
• B)$12.5 thousand
• C)$25 thousand
• D)$37.5 thousand

---

Definitions:

Liver

A vital organ in the body that processes nutrients, detoxifies harmful substances, and produces bile.

Skeletal Muscles

A type of striated muscle tissue which is under voluntary control and is responsible for movement of the skeleton, as well as posture and body position.

Vitamins

Essential organic substances necessary for healthy growth and nutrition, which must be included in the diet in small amounts due to the body's inability to produce them.

Minerals

Inorganic elements that are essential for the body to function properly, such as calcium, iron, and potassium.