Market for Stuff $24 $21 $18 $15 $12 0 2 4 6 8 10 12 14 16 18 20 22 24 26 If the price of stuff was $24 ther BAREEESS ' consumers would decide to purchase 5 units of stuff. producers would find that their cost of production is infinite. At equilibrium we can say that P consumer surplus must be zero. ' producers would not be willing to produce stuff. | At equilibrium we can say that consumer surplus is [ Select] At a quantity of 6 units of stuff we can say that [ Select] v If there were an increase in the demand for stuff then we know for sure that [ Select ] v Market for Stuff If the price of stuff was $24 then [Select] At equilibrium we can say that producer surplus i BAEEEEES! ' $24 ' $48 At equilibrium we can say that consumer surplus $56 2 - At a quantity of 6 units of stuff we can say that [ Select] = If there were an increase in the demand for stuff then we know for sure that [ Select ] v Market for Stuff 0 2 4 o6 8 10 12 14 16 18 20 22 24 26 If the price of stuff was $24 then [ Select] v At equilibrium we can say that producer surplus is [ Select] w At equilibrium we can say that consumer surplus T v [ Select ] : $72 $88 At a quantity of 6 units of stuff we can say that [ $48 $96 If there were an increase in the demand for stuff then we know for sure that [ Select ] v Market for Stuff $24 $21 $18 $15 $12 2 4 6 8 10 12 14 16 18 20 22 24 26 If the price of stuff was $24 then [ Select] v At equilibrium we can say that producer surplus is | [ Select] At equilibrium we can say that consumer surplus is |~ [ Select] At a quantity of 6 units of stuff we can say tha v [ Select] the value to buyers of stuff and cost to sellers of stuff are impossible to know. If there were an increase in the demand for st the value to buyers of stuff is less than the cost to sellers of stuff. the value to buyers of stuff is greater than the cost to sellers of stuff. [ Select] v the value to buyers of stuff is the same as the cost to sellers of stuff. Market for Stuff $24 $21 $18 $15 $12 $9 $6 3 $0 0 2 4 6 8 10 12 14 16 18 20 22 24 26 If the price of stuff was $24 then [ Select] v At equilibrium we can say that producer surplus is [ Select] At equilibrium we can say that consumer surplus is [ Select] At a quantity of 6 units of stuff we can say that [ Select] If there were an increase in the demand for stuff then we know for sure that v [ Select ] producer surplus will increase but total surplus will decrease. producer surplus and total surplus will increase. producer surplus will increase but total surplus will stay the same. producer surplus and total surplus will decrease