Price Quantity $18 $15 $ 12 $9 $6 $3 Demanded X 10 4 8 12 16 20 $144 Refer to table. At the equilibrium price, what would total surplus be? $48 $24 Quantity Supplied $72 12 10 8 6 14 2 None of these values represent total surplus

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Price Quantity
Demanded
$18
$15
$ 12
$9
$ 6
$ 3
10
4
8
12
16
20
X
$144
$48
Refer to table. At the equilibrium price, what would total surplus be?
$24
Quantity
Supplied
$72
12
10
8
6
14
2
None of these values represent total surplus
Transcribed Image Text:Price Quantity Demanded $18 $15 $ 12 $9 $ 6 $ 3 10 4 8 12 16 20 X $144 $48 Refer to table. At the equilibrium price, what would total surplus be? $24 Quantity Supplied $72 12 10 8 6 14 2 None of these values represent total surplus
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