Chapter 7 350 300 250- 200- 150+ 100- 50- 3 4 b. $200. c. $250. d. $300. Demand 5. Refer to Figure 7-1. If the price of the good is $250, then consumer surplus amounts to a. $50. b. $100. c. $150. d. $200. 6. Refer to Figure 7-1. If the price of the good is $150, then consumer surplus amounts to a. $150.

Chapter 7 350 300 250- 200- 150+ 100- 50- 3 4 b. $200. c. $250. d. $300. Demand 5. Refer to Figure 7-1. If the price of the good is $250, then consumer surplus amounts to a. $50. b. $100. c. $150. d. $200. 6. Refer to Figure 7-1. If the price of the good is $150, then consumer surplus amounts to a. $150.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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