Use the Following to Answer Questions

question 213

Multiple Choice

Use the following to answer questions :
Figure: The Market for Hamburgers
-(Figure: The Market for Hamburgers) The figure The Market for Hamburgers shows the weekly market for hamburgers in Moncton.If the price of a hamburger falls from $2.00 to $1.50,the gain in consumer surplus to consumers who are persuaded to buy at the lower price (and who were not buying when the price was $2.00) is equal to:

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

---

Definitions:

Insight Step

The process of gaining a deep understanding of a complex situation or problem, often the first phase in problem-solving or decision-making.

Creative Thinking

The ability to think in novel ways, generate new ideas, and devise unconventional solutions to problems.

Problem-Conquering

The process or approach taken to address, resolve, and overcome challenges or barriers effectively.

Entrepreneurial Leadership

A leadership style that combines the innovation and risk-taking of entrepreneurship with the management skills necessary to lead an organization.