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

question 65

Multiple Choice

Table 4-7

-Refer to Table 4-7.The equations above describe the demand and supply for Pauline's Pickled Pomegranates.The equilibrium price and quantity for Pauline's Pickled Pomegranates are $30 and 15 thousand units.What is the value of economic surplus in this market?

• A)$50 thousand
• B)$112.5 thousand
• C)$225 thousand
• D)$337.5 thousand

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