Table 4-6 -Refer to Table 4-6.The Equations Above Describe the Demand and Describe

question 125

Multiple Choice

Table 4-6

-Refer to Table 4-6.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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People from the United States of America or pertaining to characteristics of the country and its inhabitants.

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