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

11. If suppliers could only provide 5 units, what would the price be? $8 Supply $6- $4 Demand $2- 0 5 10 15 20 25 30 35 Quantity $8 O $5 O $10 O $2 O O Price

Figure 3 iPrice 110 100 90 80 30 Demand 50 45 40 30 20 10 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 Luentity Refer to Figure 3. If 50 units of the good are bought and sold, then the marginal cost to sellers is equal to the marginal value to buyers. the marginal value to buyers is greater than the marginal cost to sellers. the marginal cost to buyers is greater than marginal value to sellers. d.producer surplus is less than consumer surplus.

5. Using the graph above, suppose a price floor of $14.00 is imposed. As a result, total surplus will: Increase by $80 Decrease by $10 Decrease by $20 Decrease by $80 a. b. C. d. Brice Homework 5: Government Policies in the Market Price $20 18 16 4 12 10 8 6 4. D 10 20 30 40 50 60 70 80 90 100 Quantity

stion 3 The area above the price line and belowlthe demand curve is called producer surplus. O a Ob oreconomic surplus. consumer surplus. OC. total surpluS. A Moving to another question will save this response. Quiz 5 Graph(1).docx

Assignment #08 Question 1, Additional Problem 1 Part 1 of 3 The diagram on the right shows the demand and supply for jeans. Calculate cing re... O Points: 0 of 1 consumer surplus, producer surplus, and social surplus in this market. Price Consumer surplus is $ (Enter your response to the nearest dollar.) Supply G 90 pages Get more help - 70 40 Demand 0 120 Quantity E Clear all Check answer

Minimum Actual Price 13 Acceptable (Equilibrium Price) $ 13 Producer Price A $ 6 B 13 13 11 13 eBook 13 13 Refer to the provided table. The surplus for Producer B is Multiple Choice $2. $6 $7. $13 $20. Graw Type here to search

No chatgpt pls

Price $6 5 4 3 2 1 D 10 20 30 40 50 60 Quantity If the price of the good increases from $3 to $4, consumer surplus will decrease by: a. $15 b. $25 c. $20 d. $5 X e. $10

Question 26 Figure 2-1 20 arice 18 16 14 12 10 D 2 10 20 30 40 so 60 70 80 quaxtity Referring to Figure 2-1, what is the market equilibrium price? (number only, no $)