Figure 7-6 Price $28 26- 24- 22 20- 18.- 16 14 12 10- 8 6 4 2 0 10 30 50 70 '90 110 130 150 Quantity Refer to Figure 7-6. At the equilibrium price, what would consumer surplus be? a. $1120 * b. $480 C. $640 Od. $1280

Figure 7-6 Price $28 26- 24- 22 20- 18.- 16 14 12 10- 8 6 4 2 0 10 30 50 70 '90 110 130 150 Quantity Refer to Figure 7-6. At the equilibrium price, what would consumer surplus be? a. $1120 * b. $480 C. $640 Od. $1280

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Figure 7-6
Price
$28
26-
24-
22
20
18.-
16
14
12
10
8
6
4
2
0 10 30 50 70 90 110 130 150 Quantity
Refer to Figure 7-6. At the equilibrium price, what would consumer surplus be?
a. $1120 *
b. $480
C. $640
d. $1280.

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