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The graph shows the schedule for hours of tutoring in economics. Price (per hour of tutoring) $250 20 15 10 7.50 5 2.50 0 S D 100 200 300 400 500 600 700 800 900 (hours of tutoring per week) Quantity If the price increases from equilibrium at $10 to $20, total surplus for the market will decrease by, in numerals, $ X

The graph shows the schedule for hours of tutoring in economics. Price (per hour of tutoring) $250 20 15 10 7.50 5 2.50 0 S D 100 200 300 400 500 600 700 800 900 (hours of tutoring per week) Quantity If the price increases from equilibrium at $10 to $20, total surplus for the market will decrease by, in numerals, $ X

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Pls solve and draw it out for me so I can have a visual understanding

LC4: LearningCurve - Ch. 4: Consumer and Producer Surplus The correct answer is not 1625 If you think you've entered the right answer, check your spelling or try a hint! The graph shows the schedule for hours of tutoring in economics. Price (per hour of tutoring) $250 20 15 10 7.50 LO 5 2.50 0 100 200 Challenge this Question Need help on this question? If the price increases from equilibrium at $10 to $20, total surplus for the market will decrease by, in numerals, $_ X S D 300 400 500 600 700 800 900 Quantity (hours of tutoring per week) Back to Study Plan [
Transcribed Image Text:LC4: LearningCurve - Ch. 4: Consumer and Producer Surplus The correct answer is not 1625 If you think you've entered the right answer, check your spelling or try a hint! The graph shows the schedule for hours of tutoring in economics. Price (per hour of tutoring) $250 20 15 10 7.50 LO 5 2.50 0 100 200 Challenge this Question Need help on this question? If the price increases from equilibrium at $10 to $20, total surplus for the market will decrease by, in numerals, $_ X S D 300 400 500 600 700 800 900 Quantity (hours of tutoring per week) Back to Study Plan [
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