Suppose the Demand and Supply Curves for Good X Are

question 27

Multiple Choice

Suppose the demand and supply curves for good X are both linear.The demand price for the first unit of X is $28,and the supply price for the first unit of X is $6.If the equilibrium price for good X is $16 and the equilibrium quantity of X is 24,000 units,then total consumer surplus is $________,total producer surplus is $_________,and total social surplus is $_____________.

• A)$28; $6; $16
• B)$144,000; $120,000; $264,000
• C)$120,000; $144,000; $264,000
• D)$672,000; $144,000; $384,000
• E)$144,000; $672,000; $384,000

Apply targeted communication strategies to enhance university reputation.

Leverage social media as an economical tool for non-profits.

Understand standardization practices for institution-affiliated social media profiles.

Understand the Multiple Linkage Model and the influence of leadership on long-term and short-term group effectiveness.

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