PriceQuantity Demanded Quantity Supplied(Dollars per unit)(Units)(Units)12.000.3610.003.308.006.246.009184.001212156.2.000.00180.Refer to Table 7-11. Both the demand curve and the supplycurve are straight lines. At equilibrium, total surplus isO a. $44.b. $56.O c. $96.d. $72.

Price Quantity Demanded Quantity Supplied Dollars per unit) (Units) (Units) 36 12.00 10.00 3 30 8.00 6. 24 6.00 9. 18 12 12 4.00 2.00 15 0.00 18 Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. At equilibrium, total surplus is O a. $44. O b. $56. O c. $96. d. $72.

Price Quantity Demanded Quantity Supplied Dollars per unit) (Units) (Units) 36 12.00 10.00 3 30 8.00 6. 24 6.00 9. 18 12 12 4.00 2.00 15 0.00 18 Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. At equilibrium, total surplus is O a. $44. O b. $56. O c. $96. d. $72.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Price
Quantity Demanded Quantity Supplied
(Dollars per unit)
(Units)
(Units)
12.00
0.
36
10.00
3.
30
8.00
6.
24
6.00
9
18
4.00
12
12
15
6.
2.00
0.00
18
0.
Refer to Table 7-11. Both the demand curve and the supply
curve are straight lines. At equilibrium, total surplus is
O a. $44.
b. $56.
O c. $96.
d. $72.

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