​The Following Graph Shows the Demand and Supply Curves of a Resource

question 103

Multiple Choice

​The following graph shows the demand and supply curves of a resource. The economic rent in equilibrium equals _____. Figure 11.2

• A)$40
• B)$60
• C)$400
• D)$1,000
• E)$300

---

Definitions:

Water Fountain

A device designed to eject a stream or spray of water for drinking or decorative purposes.

Instinct Theory

A theory that suggests that behaviors are driven by instincts, which are innate patterns of response to stimuli.

Genetically Predisposed

Having a genetic makeup that increases the likelihood of developing certain traits or diseases.

Instinctive Behavior

Actions that are performed without prior learning or thought, typically because they are genetically programmed.