250 225 + 200 175 - 150 125 100 75- 50 25- 25 s0 15 100 125 150 Quantity Refer to Figure 7-9. If the equilibrium price rises from $50 to $200, what the additional producer surplus to initial producers? Select one: a. $10,000 b. $3,750 C. $625 O d. $5,625

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Explanation it correctly

1Price
250 +
225
200
175
150
125
100
75
50 +-
25
25 50 75 100 125 150
Quartity
Refer to Figure 7-9. If the equilibrium price rises from $50 to $200, what is
the additional producer surplus to initial producers?
Select one:
a. $10,000
b. $3,750
C.
$625
d. $5,625
Transcribed Image Text:1Price 250 + 225 200 175 150 125 100 75 50 +- 25 25 50 75 100 125 150 Quartity Refer to Figure 7-9. If the equilibrium price rises from $50 to $200, what is the additional producer surplus to initial producers? Select one: a. $10,000 b. $3,750 C. $625 d. $5,625
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