20 Supply 16 16 8. 6.5 4 2. 3 4 5. QUANTITY Refer to Figure 7-3. If the price of the good is $12.00, then producer surplus is a. S14.00. b. $3.00. c. $13.00, d. S14.50. PRICE

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Figure 7-3
20
Supply
16
15
6.5
1.
2.
3
5.
QUANTITY
Refer to Figure 7-3. If the price of the good is $12.00, then producer surplus is
a. S14.00.
b. $3.00.
c. $13.00.
d. $14,50.
PRICE
4.
Transcribed Image Text:Figure 7-3 20 Supply 16 15 6.5 1. 2. 3 5. QUANTITY Refer to Figure 7-3. If the price of the good is $12.00, then producer surplus is a. S14.00. b. $3.00. c. $13.00. d. $14,50. PRICE 4.
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