The calculation you used to find the consumer surplus for the efficient market for electric automobiles is 1/2 x ($ _____ - $ ______ ) x ( ____ - ____ ). (Remember to use a comma, if a comma is needed and to include the decimal point and two numbers to the right of the decimal point).

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USE TABLE #1:

The calculation you used to find the consumer surplus for the efficient market for electric automobiles is 1/2 x ($ _____ - $ ______ ) x ( ____ - ____ ).  (Remember to use a comma, if a comma is needed and to include the decimal point and two numbers to the right of the decimal point).

TABLE #1:
The following table shows different points on the linear supply and demand curves for electric automobiles:
Quantity
Supplied
In Units
60
120
180
240
300
360
Price
$0.00
$20,000.00
$40,000.00
$60,000.00
$80,000.00
$100,000.00
$120,000.00
Quantity
Demanded
720
600
480
360
240
120
In Units
Transcribed Image Text:TABLE #1: The following table shows different points on the linear supply and demand curves for electric automobiles: Quantity Supplied In Units 60 120 180 240 300 360 Price $0.00 $20,000.00 $40,000.00 $60,000.00 $80,000.00 $100,000.00 $120,000.00 Quantity Demanded 720 600 480 360 240 120 In Units
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