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(Figure: The Market for Apple AirPods) Use Figure: The Market for Apple AirPods. Assume that Sd represents the domestic supply curve and that Dd represents
(Figure: The Market for Apple AirPods) Use Figure: The Market for Apple AirPods. Assume that Sd represents the domestic supply curve and that Dd represents the domestic demand curve. In the market for Apple AirPods, consumer surplus under autarky equals: A graph plots Price in the vertical axis versus Quantity, in thousands, on the horizontal axis and shows a demand curve intersecting a supply curve. The vertical axis is truncated close to the origin and ranges from 90 to 140 dollars in increments of 10. The horizontal axis is truncated close to the origin and ranges from 100 to 300, in increments 50. The supply curve S subscript d is a positive sloping line that starts at (0, 95) and passes through about (100, 100). The demand curve D subscript d is a negative sloping line that starts at (0, 140), passes through (250, 100), and intersects the supply curve at (200, 110). Question 3 options: a) $1,500. b) $6,000. c) $200. d) $3,000
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