Figure 7-11 -Refer to Figure 7-11.If the Supply Curve Is S',the Demand

question 36

Multiple Choice

Figure 7-11
-Refer to Figure 7-11.If the supply curve is S',the demand curve is D,and the equilibrium price is $150,what is the producer surplus?

• A)$625
• B)$1,250
• C)$2,500
• D)$5,000

---

Definitions:

G2C

Government to Citizen, a model of e-government where government services and information are directly available to citizens through electronic means.

Modern Credit Cards

Financial instruments embedded with microprocessor chips that store and protect cardholder data, enhancing security and facilitating various payment functions.

Stored-value Money

Refers to monetary value represented in a digital format, often used in prepaid cards and digital wallets, enabling cashless transactions.

Smart

Having or showing a quick-witted intelligence or incorporating technology that allows for operation in a more efficient or sophisticated manner.