Question
Price (Units) 12.00 0 (Units) 10.00 3 36 8.00 6 30 6.00 9 24 4.00 12 18 2.00 15 12 0.00 18 6 0 Refer
Price | (Units) | |
12.00 | 0 | (Units) |
10.00 | 3 | 36 |
8.00 | 6 | 30 |
6.00 | 9 | 24 |
4.00 | 12 | 18 |
2.00 | 15 | 12 |
0.00 | 18 | 6 |
0 |
Refer to Table 7-11. At a price of , total surplus is a. the same as it would be at the equilibrium price. b. There is insufficient information to make this determination. c. smaller than it would be at the equilibrium price. d. larger than it would be at the equilibrium price.
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Operations Management in the Supply Chain Decisions and Cases
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein
6th edition
73525243, 978-0073525242
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