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Figure: Potatoes Price per pound $16 14 12 10 8 6 2 20 40 60 80 100 120 140 160 Pounds of potatoes (thousands) 1.
Figure: Potatoes Price per pound $16 14 12 10 8 6 2 20 40 60 80 100 120 140 160 Pounds of potatoes (thousands) 1. (Figure: Potatoes) Refer to the figure. According to the demand curve, if the price of potatoes is $8 a pound, how many pounds are demanded? 5 B) 50 C) 60,000 D) 80,000 2. (Figure: Potatoes) Refer to the figure. If the price of potatoes is $8 a pound, what is the consumer surplus received? A) $30,000 B) $60,000 C) $240,000 $360,000
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