subject

Which of the following is true for the market above: A. Consumer surplus is $250. (correct answer)
B. At a price of $30 there would be a surplus.
C. A price floor at $30 would decrease the quantity produced.
D. Consumer surplus is $500.
E. At $70 the quantity demanded is greater than the quantity supplied.

Please explain why each incorrect answer is incorrect and give an explanation for the correct answer.

ansver
Answers: 1

Another question on Advanced Placement (AP)

question
Advanced Placement (AP), 23.06.2019 11:50
Quickly! ill give you brainliest + free points the best approach to keeping your car in safe working order is to a. have a friend inspect it b. get a professional tune-up c. listen to the engine while it's running d. clean the interior and exterior once a month
Answers: 1
question
Advanced Placement (AP), 23.06.2019 14:00
Which of these is the most likely way long-term economic growth takes place? a) increases in interest rates b) increases in overall price level c) increases in labor productivity growth d) increases in labor force participation rate
Answers: 1
question
Advanced Placement (AP), 25.06.2019 01:30
Which two organisms in the food web would most likely be affected by a decrease in producers, or the plants, at the bottom base of the food web?
Answers: 1
question
Advanced Placement (AP), 26.06.2019 08:00
The following table lists the birth rate, death rate, and net migration rate for egypt over the past 20 years. on a coordinate plane, plot the birth rate data and death rate data for egypt. clearly, show each data point and label each curve. be sure to label the graph and axes. save a copy of your graph. then answer the following questions: (14 points) a. what was the annual growth rate for egypt in 1990? what is the estimated annual growth rate in 2010? be sure to show your work for each answer. b. where does egypt most likely fall on the demographic transition model? explain your answer using data from the table. describe two changes within egyptian society that would likely be necessary for egypt to transition to the next stage in the model. c. assuming egypt’s current birth rate, death rate, and net migration rate trends continue, what will the country’s annual growth rate likely be in 2030? if this growth rate is accurate, what would its doubling time be in 2030?
Answers: 2
You know the right answer?
Which of the following is true for the market above: A. Consumer surplus is $250. (correct answer)...
Questions
question
Computers and Technology, 17.10.2020 07:01
question
Physics, 17.10.2020 07:01
Questions on the website: 13722363