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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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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
