For the demand curve shown, find the total amount of consumer surplus that results in the gasoline market if gasoline sells for $2 per gallon. டட Demand for gasoline 2876543 N 12 11 10 9 Price ($/gallon) 120 110 1 0 10 20 30 40 50 60 70 80 20'00 Quantity (1,000s of gallons/year) Instructions: Enter your response as a whole number. Consumer surplus: $ per year.

For the demand curve shown, find the total amount of consumer surplus that results in the gasoline market if gasoline sells for $2 per gallon. டட Demand for gasoline 2876543 N 12 11 10 9 Price ($/gallon) 120 110 1 0 10 20 30 40 50 60 70 80 20'00 Quantity (1,000s of gallons/year) Instructions: Enter your response as a whole number. Consumer surplus: $ per year.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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