Answer:
<h2>$80</h2>
Explanation:
Step one:
What is consumer surplus area?
"Consumer Surplus reflects the difference between what a consumer is willing and able to pay for a product, and what the consumer actually ends up paying.
"
<em>The area of surplus is calculated using the formula for the area of the bounded triangle.</em>
<em>Area of surplus =1/2 b*h</em>
<em>where b= the quantity </em>
<em> h= consumer surplus</em>
Step two:
given data
<em>the quantity </em>of tickets = 4
b=Q-O------------ (from the chart attached)
cost per tieckt= $15
Total cost of 4 tickets= 15*4= $60
the actual price is $60
Since you are willing to pay $25 per ticket
the total amount you are willing to pay is = 25*4= $100
Consumer surplus = y-p------------ (from the chart attached)
Consumer surplus = $100 – $60
Consumer surplus = $40
<em>Area of surplus = </em>1/2 x (4) x40 = $80
It sunk into a worldwide depression
Explanation:
After the war ended global economy began to decline. Economies of North America, United Kingdom and especially Germany faced recession after the war and eventually went into depression in late 1920s and early 1930s.
They saw themselves in the Enlightenment tradition, had faith in science and reason and believed in progress. The desire for social change shaped the Enlightenment debate about God, and led many to reject divine authority.
By the 1820s, the controversy surrounding the Missouri Compromise had quieted down considerably, but was revived by a series of events near the end of the decade. Serious debates over abolition took place in the Virginia legislature in 1829 and 1831. In the North discussion began about the possibility of freeing the slaves and then resettling them back in Africa (a proposal that led to the founding of Liberia). Agitation increased with the publication of David Walker's Appeal to the Colored Citizens of the World in 1829, Nat Turner's slave rebellion in 1831, and Andrew Jackson's handling of the nullification crisis that same year. According to Louis Ruchame, "The Turner rebellion was only one of about 200 slave uprisings between 1776 and 1860, but it was one of the bloodiest, and thus struck fear in the hearts of many white southerners. Nat Turner and more than 70 enslaved and free blacks spontaneously launched a rebellion in Southampton County, Virginia, in August 1831. They moved from farm to farm, indiscriminately killing whites along the way and picking up additional slaves. By the time the militia put down the insurrection, more than 80 slaves had joined the rebellion, and 60 whites lay dead. While the uprising led some southerners to consider abolition, the reaction in all southern states was to tighten the laws governing slave behavior
