60 R # 3 w/ 30 20 10. Supply 06 08 -0- Demand 45 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 uantity ++++ Refer to the above figure. Assume demand increases, which causes the equilibrium price to increase from $50 to $70. The increase in producer surplus to producers already in the market would be O $1,600. 009$ 0 O $800. O $1,200. « Previous Next ► MacBook Pro %23 2 24 4. 9. 81 H.

60 R # 3 w/ 30 20 10. Supply 06 08 -0- Demand 45 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 uantity ++++ Refer to the above figure. Assume demand increases, which causes the equilibrium price to increase from $50 to $70. The increase in producer surplus to producers already in the market would be O $1,600. 009$ 0 O $800. O $1,200. « Previous Next ► MacBook Pro %23 2 24 4. 9. 81 H.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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