The graph shows the schedule for hours of tutoring in economics. If the price increases from equilibrium at $10 to $15, total surplus for the market will decrease by, in numerals, $_____.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The graph shows the schedule for hours of tutoring in economics. If the price increases from equilibrium at $10 to $15, total surplus for the market will decrease by, in numerals, $_____.

Please type the correct answer in the following input field, and then select the submit answer button or press the enter key when finished.

Your answer:

 
Price (per hour
of tutoring)
$25
20
15
10
7.50
2.50
D
100 200
300
400 500 600 700 800 900
Quantity (hours of tutoring per week)
LO
Transcribed Image Text:Price (per hour of tutoring) $25 20 15 10 7.50 2.50 D 100 200 300 400 500 600 700 800 900 Quantity (hours of tutoring per week) LO
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