Figure 7-11 -Refer to Figure 7-11.If the Supply Curve Is S',the Demand

question 36

Multiple Choice

Figure 7-11
-Refer to Figure 7-11.If the supply curve is S',the demand curve is D,and the equilibrium price is $150,what is the producer surplus?

• A)$625
• B)$1,250
• C)$2,500
• D)$5,000

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Definitions:

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