Table 4-14 -Refer to Table 4-14. the Equations Above Describe the Demand

question 204

Multiple Choice

Table 4-14

-Refer to Table 4-14. 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 producer surplus?

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

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