The Following Table Presents the Demand Schedule for Product Z

question 95

Multiple Choice

The following table presents the demand schedule for product Z:
Assuming that the price of Z at equilibrium is $12,what is the total consumer surplus?

• A) $12
• B) $11
• C) $8
• D) $20

---

Definitions:

Shipping Cost

The expense associated with transporting goods from one location to another, significantly affecting the pricing and logistics decisions of businesses.

Supplier Criteria

Conditions or standards used by a company to evaluate and select suppliers based on factors like quality, delivery, price, and service.

Weighted Total

A method to calculate an overall score by applying different weights to various components according to their importance.

Holding Cost

The expenses incurred for storing and maintaining unsold inventory, including storage, insurance, taxes, and opportunity costs.