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).
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).
MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
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).

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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