Question 13 Suppose the graph shows the market for bushels of wheat. What is consumer surplus at $35? Price 50 45 4110 25 35 30 35 20 15 10 5- H D + S r 100 200 300 400 500 600 700 800 Quantity Selected Answer: $1,000 Answers: $4,500 $1,000 $400 $100
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- In a market which demand and supply curves are shown below: Price ($/hour) 36- 32 28- 24 20- 16 12- 8- 4- 0 Demand Supply 1000 2000 3000 4000 5000 6000 7000 Quantity (units/day) a) Calculate the consumer surplus for the market. (If necessary round your answer to the nearest whole number.) Consumer Surplus = $0 b) Calculate the producer surplus for the market. (If necessary round your answer to the nearest whole number.) Producer Surplus = $0Due to a sales tax, the sale of gameboys decrease from 80 to 70. This tax is a tax on sellers when they receive the units from suppliers. How would the curve look due to this change?Typed and correct answer please. I ll rate
- What is the total surplus : Price 110 - Supply 100 a) 800 b) 1000 c) 1500 d) 2000 e) 2500 f) 3500 g) 5000 90 80 70 60- Demand 50 45 40 + 30 20 10 ++++++ 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 DuantityConsider the supply and demand curves for taxi rides in the attached graph. At at price of $1.30 taxi companies earn a producer surplus of_______ million dollars.Please answer Not a grade Was this change an increase or decrease? As a result did the equilibrium price and quanity increase of decrease?
- Give typed solution onlyAssume that the actual price of the tv is 2096 lower than what you are willing to pay. Consumer surplus is the difference between what you are willing to pay and the actual price of the product. What is the consumer surplus in this situation? Sceptre 65" Class 4K UHD LED TV HDR U650CV-U Average Rating (4.1)out of 5stars1529 ratings, based on1529reviews Please see the provided rubric. O Focus hp inbrt sc & 8 {Only typed answer and please don't use chatgpt
- Q3Only typed answer and please don't use chatgptp ($/unit) 200k 160 120 80 40 5000 Equilibrium price =$ Equilibrium quantity a) What are the equilibrium price and quantity for the supply and demand curves in the figure above? = S (quantity) Consumer surplus =$ i 10000 b) Estimate the consumer and producer surplus. Producer surplus =$ i Round your answers to the nearest thousand. SUPPORT