The weekly quantity demanded of frozen pizzas in Decorah,IA as a function of price is shown in the graph below.The market price of frozen pizzas is $10,and at that price 600 pizzas are sold.Consumer surplus in this market is ________.

The weekly quantity demanded of frozen pizzas in Decorah,IA as a function of price is shown in the graph below.The market price of frozen pizzas is $10,and at that price 600 pizzas are sold.Consumer surplus in this market is ________.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The weekly quantity demanded of frozen pizzas in Decorah,IA as a function of price is shown in the graph below.The market price of frozen pizzas is $10,and at that price 600 pizzas are sold.Consumer surplus in this market is ________.

Price of
Frozen
Pizzas
26
24
22
20
18
16
14
12
10
25-
8
6
37
2
O
0 80
Weekly Demand for Frozen Pizzas in Decorah, IA
240
400
440
560
600
720
880
1040
Quantity
of Frozen
Pizzas

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