24.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.

25.Refer to the diagram. Consumer surplus is:

A. $100.

B. $200.

C. $300.

D. $400.

26.Refer to the diagram. Producer surplus is:

A. $100.

B. $200.

C. $300.

D. $400.

Use the following graph to answer questions 24 to 26 Price 50 Supply 30 10 Demand 10 Quantity