2. Let (inverse) demand be Pb = 82 - 4 Qb and (inverse) supply be Pv = 33 + 2 Qv. How much producer surplus is created in the market depicted? Answer: your answer Submit Price ($) $90 $80 $70 $ 60 $50 $40 $30 $20 $10 $0 gee es -O 0 5 Demand 10 Supply Quantity 15 Eqm 20 25

2. Let (inverse) demand be Pb = 82 - 4 Qb and (inverse) supply be Pv = 33 + 2 Qv. How much producer surplus is created in the market depicted? Answer: your answer Submit Price ($) $90 $80 $70 $ 60 $50 $40 $30 $20 $10 $0 gee es -O 0 5 Demand 10 Supply Quantity 15 Eqm 20 25

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

....

2.
Let (inverse) demand be Pb = 82 - 4 Qb and (inverse) supply be Pv = 33 + 2 Qv. How much
producer surplus is created in the market depicted?
Answer: your answer
Submit
Price ($)
$90
$80
$70
$60
$50
$40
$ 30
$20
$10
$0
0
·LO
5
Demand
Quantity
10
Supply
Quantity
15
Eqm
20
25

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