Use the black point (plus symbol) to indicate the equilibrium price and quantity of polaroid cameras. Then use the green point (triangle symbol) to fill the area representing consumer surplus, and use the purple point (diamond symbol) to fill the area representing producer surplus. ? PRICE (Dollars per camera) 250 225 200 175 150 125 100 75 50 25 0 Demand Supply 0 30 60 90 120 150 180 210 240 270 300 QUANTITY (Millions of cameras) Total surplus in this market is $ million. Equilibrium A Consumer Surplus Producer Surplus

Use the black point (plus symbol) to indicate the equilibrium price and quantity of polaroid cameras. Then use the green point (triangle symbol) to fill the area representing consumer surplus, and use the purple point (diamond symbol) to fill the area representing producer surplus. ? PRICE (Dollars per camera) 250 225 200 175 150 125 100 75 50 25 0 Demand Supply 0 30 60 90 120 150 180 210 240 270 300 QUANTITY (Millions of cameras) Total surplus in this market is $ million. Equilibrium A Consumer Surplus Producer Surplus

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Select the area(s) that represent CONSUMER SURPLUS before the price floor is imposed? (select all that apply)
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