20 20 PRICE (Dollars per unit) 18 16 14 12 10 8 6 4 Demand 2 Supply 0 0 3 6 9 12 15 18 21 QUANTITY (Units) 24 24 27 27 30 Consumers' Surplus Producers' Surplus

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section5.2: Cloting Choices
Problem 1R
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20
20
PRICE (Dollars per unit)
18
16
14
12
10
8
6
4
Demand
2
Supply
0
0 3 6 9
12
15
18
21
QUANTITY (Units)
24
24
27
27
30
Consumers' Surplus
Producers' Surplus
Transcribed Image Text:20 20 PRICE (Dollars per unit) 18 16 14 12 10 8 6 4 Demand 2 Supply 0 0 3 6 9 12 15 18 21 QUANTITY (Units) 24 24 27 27 30 Consumers' Surplus Producers' Surplus
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