Table 4-12 -Refer to Table 4-12. the Equations Above Describe the Demand

question 304

Multiple Choice

Table 4-12

-Refer to Table 4-12. The equations above describe the demand and supply for Bubba's Fried Jellybeans. The equilibrium price and quantity for Bubba's Fried Jellybeans are $40 and 5 thousand units. What is the value of economic surplus in this market?

• A) $5 thousand
• B) $12.5 thousand
• C) $25 thousand
• D) $37.5 thousand

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