Consider the market for computers. The current price of dell computer is $1200.00. Two consumers, Jeff and Peter, are willing to 1,250 and 1,350, for a new computer. Two electronic stores are willing to sell the dell computers for as little as 1,150 and 1,000 each. What's the total surplus in this market? Answer: LAFOL

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Chapter1: Making Economics Decisions
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Consider the market for computers. The current price of dell computer is $1200.00. Two consumers, Jeff
and Peter, are willing to 1,250 and 1,350, for a new computer. Two electronic stores are willing to sell the
dell computers for as little as 1,150 and 1,000 each. What's the total surplus in this market?
Answer:
300 × (450)
Transcribed Image Text:Consider the market for computers. The current price of dell computer is $1200.00. Two consumers, Jeff and Peter, are willing to 1,250 and 1,350, for a new computer. Two electronic stores are willing to sell the dell computers for as little as 1,150 and 1,000 each. What's the total surplus in this market? Answer: 300 × (450)
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