1.Refer to the diagram. The market equilibrium is:

A. at price 50 and quantity 10.

B. at price 30 and quantity 10.

C. at price 10 and quantity 10.

D. undetermined.

2.Refer to the diagram. Consumer surplus is:

A. $100.

B. $200.

C. $300.

D. $400.

3.

Use the following graph to answer questions 31 to 33 Price 50 Supply 30 10 Demand 10 Quantity