Find the Consumer Surplus and Producer Surplus $p = 70 - 0.5 x$

question 233

Multiple Choice

Find the consumer surplus and producer surplus.
Demand $p = 70 - 0.5 x$
Supply $p = 0.125 x$

• A)Consumer surplus: $3136Producer surplus: $784
• B)Consumer surplus: $3286Producer surplus: $784
• C)Consumer surplus: $3236Producer surplus: $784
• D)Consumer surplus: $3186Producer surplus: $784
• E)Consumer surplus: $3336Producer surplus: $784

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