Price (Dollars per unit) 12.00 10.00 8.00 6.00 4.00 2.00 0.00 a. $28. Ob. $42. OC. $21. Od. $36. Table 7-11 Quantity Demanded Quantity Supplied (Units) 36 30 24 18 12 6 0 (Units) 0 3 6 9 12 15 18 Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. If the price is $4 but only 6 units are bought and sold, consumer surplus will be
Price (Dollars per unit) 12.00 10.00 8.00 6.00 4.00 2.00 0.00 a. $28. Ob. $42. OC. $21. Od. $36. Table 7-11 Quantity Demanded Quantity Supplied (Units) 36 30 24 18 12 6 0 (Units) 0 3 6 9 12 15 18 Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. If the price is $4 but only 6 units are bought and sold, consumer surplus will be
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Price
(Dollars per unit)
12.00
10.00
8.00
6.00
4.00
2.00
0.00
Table 7-11
Quantity Demanded Quantity Supplied
(Units)
36
30
24
18
12
6
0
(Units)
0
3
6
Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. If the price is $4 but only 6 units are bought and sold, consumer surplus will be
a. $28.
b. $42.
c. $21.
d. $36.
12
15
18](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F13ffb487-410c-4808-947c-8212d0ee5563%2Fafe90d28-8e54-49c5-bb0c-1f15898dd41d%2Fvjybos5_processed.png&w=3840&q=75)
Transcribed Image Text:Price
(Dollars per unit)
12.00
10.00
8.00
6.00
4.00
2.00
0.00
Table 7-11
Quantity Demanded Quantity Supplied
(Units)
36
30
24
18
12
6
0
(Units)
0
3
6
Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. If the price is $4 but only 6 units are bought and sold, consumer surplus will be
a. $28.
b. $42.
c. $21.
d. $36.
12
15
18
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