The supply curve in a market is given by P = 13 + 10.00(Q), while the demand curve is P = 139 - 42(Q). The consumer surplus and producer surplus at the equilibrium will be CS E = PS E=. O A. 196.3 ; 37,7 O B. 147.7 ; 37.7 OC. 123.3 ; 29.4 O D. 129.9 ; 33.7 O E. 196.3 ; 48.5

The supply curve in a market is given by P = 13 + 10.00(Q), while the demand curve is P = 139 - 42(Q). The consumer surplus and producer surplus at the equilibrium will be CS E = PS E=. O A. 196.3 ; 37,7 O B. 147.7 ; 37.7 OC. 123.3 ; 29.4 O D. 129.9 ; 33.7 O E. 196.3 ; 48.5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

Question

Q10

The supply curve in a market is given by P = 13+ 10.00(Q), while the demand curve is P = 139 - 42(Q). The consumer surplus and producer surplus at the equilibrium will be CS E =_ PSE =_.
O A. 196.3 ; 37.7
O B. 147.7 ; 37.7
O C. 123.3 ; 29,4
O D. 129.9 ; 33.7
O E. 196.3 ; 48.5

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