Question:

Price Quantity Quantity Demanded Supplied O 1200 0 10 1000 200 20 800 400 30 600 600 40 400 800 50 200 1000 60 1200 $18,000 $9,000 $4,500 $15,000Question 4 (1 point) Consider the following supply and demand schedules which represent linear (straight line) supply and demand curves. When the market is in equilibrium, what is the producer surplus? Price Quantity Quantity Demanded Supplied 1200 O 10 1000 200 20 800 400 30 600 600 40 400 800 50 200 1000 60 1200