The graph on the right shows the willingness to pay of two consumers, Annie and Ben. We can determine from the graph that when the market price PM - $27, Annie's consumer surplus is and Ben's is Assuming the shaded region consists of the total market consumer surplus, then its value is $. (Enter your response as a whole number.) Price ($) 10 60 40

The graph on the right shows the willingness to pay of two consumers, Annie and Ben. We can determine from the graph that when the market price PM - $27, Annie's consumer surplus is and Ben's is Assuming the shaded region consists of the total market consumer surplus, then its value is $. (Enter your response as a whole number.) Price ($) 10 60 40

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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