Daytime Temperatures in a Desert Can Reach 45

question 120

Multiple Choice

Daytime temperatures in a desert can reach 45.0°C. What is this temperature on the Fahrenheit temperature scale?

• A) 90.0°F
• B) 113.0°F
• C) 121.0°F
• D) none of these

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, measured above the supply curve.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, reaching a state of balance where there are no surplus or shortage.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, reflecting gains from trade.

Price Ceiling

A government-imposed limit on the maximum price that can be charged for a product or service.