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

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

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 6CQQ

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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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