Suppose that the album producers put it on sale for $6 each. How much will be the surplus There would be a (Click to select) of . A quantity of The maximum price at which the quantity actually sold in part (a) could have been sold is $ -If the album producers had actually put the album on the market at the price mentioned in p would be albums will be sold.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Price ($)
20
16
12 -
8
4
0
Market for Guns and Butter
album "Live at Saskatoon"
20
40
60
Quantity
80
100 120
S
RGLOON1
a. Suppose that the album producers put it on sale for $6 each. How much will be the surplus
There would be a (Click to select) of
. A quantity of
b. The maximum price at which the quantity actually sold in part (a) could have been sold is $
c. If the album producers had actually put the album on the market at the price mentioned in p
would be
albums will be sold.
Transcribed Image Text:Price ($) 20 16 12 - 8 4 0 Market for Guns and Butter album "Live at Saskatoon" 20 40 60 Quantity 80 100 120 S RGLOON1 a. Suppose that the album producers put it on sale for $6 each. How much will be the surplus There would be a (Click to select) of . A quantity of b. The maximum price at which the quantity actually sold in part (a) could have been sold is $ c. If the album producers had actually put the album on the market at the price mentioned in p would be albums will be sold.
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