Price ($) 15 14 13 12 11 10 9 8 7 654321 S₁ S₂ D ⠀: 10 20 30 40 50 60 70 80 90 Quantity Suppose that the supply curve is at S1. At the market equilibrium price $8, the consumer surplus is Blank 1 dollars.

Price ($) 15 14 13 12 11 10 9 8 7 654321 S₁ S₂ D ⠀: 10 20 30 40 50 60 70 80 90 Quantity Suppose that the supply curve is at S1. At the market equilibrium price $8, the consumer surplus is Blank 1 dollars.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter3: Market Demand And Supply

Section3.A: Consumer Surplus, Proudcer Suplus, And Market Efficency

Problem 16SQ

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Price ($)
15
14
13
12
11
10
9
8
7
654321
0
S₁
S₂
D
10 20 30 40 50 60 70 80 90
Quantity
Suppose that the supply curve is at S1. At the market equilibrium price $8, the consumer surplus is Blank 1 dollars.

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