Table 3.5 -Refer to Table 3.5.The Equations Above Describe the Demand and the Demand

question 64

Multiple Choice

Table 3.5
-Refer to Table 3.5.The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion.The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units.What is the value of consumer surplus?

• A)$300 thousand
• B)$450 thousand
• C)$900 thousand
• D)$1,500 thousand

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