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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

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
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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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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