Figure 7-18 -Refer to Figure 7-18.If Total Surplus Is $240 and Consumer

question 3

Multiple Choice

Figure 7-18
-Refer to Figure 7-18.If total surplus is $240 and consumer surplus is

• A)$100,then the price of the good is $130.
• B)$130,then the price of the good is $120.
• C)$160,then the price of the good is $100.
• D)$120,then the price of the good is $90.

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Definitions:

Criticizing

Expressing disapproval of someone or something based on perceived faults or mistakes.

Evaluating

The process of making judgments about the value, importance, or quality of something based on criteria and standards.

Primacy Effect

The tendency to remember information at the beginning of a list better than information in the middle or at the end.

First Impressions

The initial thoughts or judgments formed about someone or something upon meeting or encountering them for the first time, often determining subsequent interactions.