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Table 7-4 Price Quantity Quantity Demanded Supplied $18 0 12 $15 4 10 $ 12 8 8 $ 9 12 6 $ 6 16 4
Table 7-4
Price | Quantity | Quantity |
Demanded | Supplied | |
$18 | 0 | 12 |
$15 | 4 | 10 |
$ 12 | 8 | 8 |
$ 9 | 12 | 6 |
$ 6 | 16 | 4 |
$ 3 | 20 | 2 |
Refer to Table 7-4. At the equilibrium price, what would consumer surplus be?
A.) 12$
B.) 20$
C.) 24$
D.) 48$
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