Suppose the Market Demand for Good X Is Given by Q_X^d

question 27

Multiple Choice

Suppose the market demand for good X is given by Q_X^d = 20 − 2P_X.If the equilibrium price of X is $5 per unit,then the total value a consumer receives from consuming the equilibrium quantity is:

• A) $100.
• B) $75.
• C) $50.
• D) $25.

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Definitions:

Anti-Discrimination

Policies, laws, and principles designed to prevent unfair treatment of individuals based on race, gender, religion, age, sexual orientation, nationality, or any other characteristic.

Fourteenth Amendment

An amendment to the United States Constitution, granting citizenship to former slaves and providing all citizens with "equal protection under the laws," ratified in 1868.

Supreme Court

The highest federal court in the United States, endowed with the judicial power of the government and hence functions as the ultimate authority on constitutional interpretation.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.