6. Let (inverse) demand be Pb = 94 - 2 Qb and (inverse) supply be Pv = 19 + 2 Qv. How much producer surplus is created at Q* ? Answer: your answer Price ($) $ 120 $100 $80 $60 $40 $20 esse Submit Demand Supply Eqm

6. Let (inverse) demand be Pb = 94 - 2 Qb and (inverse) supply be Pv = 19 + 2 Qv. How much producer surplus is created at Q* ? Answer: your answer Price ($) $ 120 $100 $80 $60 $40 $20 esse Submit Demand Supply Eqm

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

....

6.
Let (inverse) demand be Pb = 94 - 2 Qb and (inverse) supply be Pv = 19 + 2 Qv. How much
producer surplus is created at Q* ?
Answer: your answer
Price ($)
$120
$100
$ 80
$60
$40
$20
$0
0
5
10
Submit
Demand
15
20
Supply
25
Quantity
30
Eqm
35
40
S
45
50

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