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Assume the market for Monday matinee movie fickets is a perfectly competitive market. Suppose a disequilibrium price of $10.50 per movie ticket is imposed in

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Assume the market for Monday matinee movie fickets is a perfectly competitive market. Suppose a disequilibrium price of $10.50 per movie ticket is imposed in this market. The consumer surplus becomes and the producer surplus becomes X $3.50;$1050 $122 50; $245.00 $0.00; $122.50 X[ $61.25; $306.25 $122.50; $490.00 Price ($) 40 80 &0 Quantity 100 120 140

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