Use the Following Table to Answer the Following Questions

question 70

Multiple Choice

Use the following table to answer the following questions.

-What is the surplus when the price floor is $1.75 in the market for public transportation?

• A) 100,000
• B) 86,000
• C) 75,000
• D) 40,000
• E) 0 (zero)

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Definitions:

Punitive Damages

Monetary compensation awarded in court cases that goes beyond what is necessary to compensate the plaintiff and is intended to punish the defendant.

Tort Law

A segment of law that addresses violations where one party's behavior causes injury or harm to another person, leading to civil legal liability.

Contributory Negligence

A legal doctrine that reduces or eliminates the plaintiff's right to damages if it's proven they contributed to their own harm.

Plaintiff

The person who begins a lawsuit by filing a complaint in the appropriate trial court of general jurisdiction.