Answered: 180 150 120 110 Supply 90 70 60 30…

180 150 120 110 Supply 90 70 60 30 Demand 10 15 20 25 30 QUANTITY Refer to Figure 7-2. At the equilibrium price, consumer surplus is O a. $1,600. b. $80. O c. S600. O d. $200. PRICE

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 7-2
180
150
120
110
Supply
90
70
60
30
Demand
10
15
20
25
30
QUANTITY
Refer to Figure 7-2. At the equilibrium price, consumer surplus is
O a. $1,600.
O b. S800.
O c. S600.
O d. $200.
PRICE

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