Price (Dollars per unit) a. $36. b. $42. c. $24. d. $48. 12.00 10.00 8.00 6.00 4.00 2.00 0.00 Quantity Demanded Quantity Supplied (Units) (Units) 0 36 3 30 6 24 9 18 12 12 15 6 18 0 Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. At equilibrium, consumer surplus is

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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a. $36.
b. $42.
c. $24.
Price
(Dollars per unit)
12.00
10.00
8.00
6.00
4.00
2.00
0.00
d. $48.
Quantity Demanded Quantity Supplied
(Units)
0
3
6
9
12
15
18
Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. At equilibrium, consumer surplus is
(Units)
36
30
24
18
12
6
0
Transcribed Image Text:a. $36. b. $42. c. $24. Price (Dollars per unit) 12.00 10.00 8.00 6.00 4.00 2.00 0.00 d. $48. Quantity Demanded Quantity Supplied (Units) 0 3 6 9 12 15 18 Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. At equilibrium, consumer surplus is (Units) 36 30 24 18 12 6 0
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