As the graph below shows, in the video games market, at the equilibrium price of $ 57, the total (social) surplus in the video games market is equal to

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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As the graph below shows,
in the video games market,
at the equilibrium price of $
57, the total (social) surplus
in the video games market is
equal to
Transcribed Image Text:As the graph below shows, in the video games market, at the equilibrium price of $ 57, the total (social) surplus in the video games market is equal to
P
110
100
90
80
70
60
50
40
30
20
10
40
Video Games
80
120
S
D
160 Q
Transcribed Image Text:P 110 100 90 80 70 60 50 40 30 20 10 40 Video Games 80 120 S D 160 Q
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