Table 4-7 -Refer to Table 4-7.The Equations Above Describe the Demand and Describe

question 45

Multiple Choice

Table 4-7

-Refer to Table 4-7.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 consumer surplus?

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

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