RC*F5%Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. At equilibrium, total surplus isO a. $72.O b. $56.OC. $44.O d. $96.5团Price(Dollars per unit)12.0010.008.006.004.002.000.00F6F7Y&Quantity Demanded Quantity Supplied(Units)03691215-18Table 7-11F8* 8ůF9099JULF10(Units)36302418126O0☀-F11*+F12PrtSc

The curve that depicts various qunatities of godos and services being demanded by individuals at…

$72. Price Quantity Demanded Quantity Supplied $56. $44. . $96. (Dollars per unit) 12.00 10.00 8.00 6.00 4.00 2.00 0.00 (Units) 0 3 6 9 12 15 -18 (Units) 36 30 24 18 12 6 o Table 7-11. Both the demand curve and the supply curve are straight lines. At equilibrium, total surplus 0

$72. Price Quantity Demanded Quantity Supplied $56. $44. . $96. (Dollars per unit) 12.00 10.00 8.00 6.00 4.00 2.00 0.00 (Units) 0 3 6 9 12 15 -18 (Units) 36 30 24 18 12 6 o Table 7-11. Both the demand curve and the supply curve are straight lines. At equilibrium, total surplus 0

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

R
C
*F5
%
Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. At equilibrium, total surplus is
O a. $72.
O b. $56.
OC. $44.
O d. $96.
5
团
Price
(Dollars per unit)
12.00
10.00
8.00
6.00
4.00
2.00
0.00
F6
F7
Y
&
Quantity Demanded Quantity Supplied
(Units)
0
3
6
9
12
15
-18
Table 7-11
F8
* 8
ů
F9
09
9
JUL
F10
(Units)
36
30
24
18
12
6
O
0
☀-
F11
*+
F12
PrtSc

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