The Figure Given Below Shows the Aggregate Demand and Supply

question 61

Multiple Choice

The figure given below shows the aggregate demand and supply curves of a perfectly competitive market. Figure 23.7 Refer to Figure 23.7 and calculate the consumer surplus.

• A)$200
• B)$600
• C)$400
• D)$800
• E)$500

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Definitions:

Heritability

The proportion of variation among individuals in a group that we can attribute to genes. The heritability of a trait may vary, depending on the range of populations and environments studied.

Genetically Similar

Refers to organisms or cells having nearly identical genetic material.

Different Environments

Varied settings or conditions in which a person or organism can exist or operate.

Fluid Intelligence

The capacity to think logically and solve problems in novel situations, independent of acquired knowledge.