The market supply curve for this industry is OA. Q = P-200 for P > 200 and Q = 0 for P ≤200. B. Q 100P-200 for P> 2 and Q = 0 for P ≤2. OC. Q = 100P-200 for P > 200 and Q = 0 for P <200. OD. Q = 100P-2 for P> 2 and Q = 0 for P ≤2. If the market price is $9, the firms in the industry will supply a total of 700 units. (Enter your response as an integer.) Total producer surplus is $. (Enter your response as an integer.)

The market supply curve for this industry is OA. Q = P-200 for P > 200 and Q = 0 for P ≤200. B. Q 100P-200 for P> 2 and Q = 0 for P ≤2. OC. Q = 100P-200 for P > 200 and Q = 0 for P <200. OD. Q = 100P-2 for P> 2 and Q = 0 for P ≤2. If the market price is $9, the firms in the industry will supply a total of 700 units. (Enter your response as an integer.) Total producer surplus is $. (Enter your response as an integer.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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