Question
Use the graph above to answer the following question. If the price is set to $3, what is the producer surplus in the market?
Use the graph above to answer the following question. If the price is set to $3, what is the producer surplus in the market? Note: enter answer with only numerical values and round up to the nearest tenth. For example, if you think. the answer is "$101.58" then enter the answer "101.6" in the space below. Dollars per unit $8 88 $11 $4 $3 $1 20 20 CD e 50 50 75 D Quantity per period S
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Get StartedRecommended Textbook for
Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
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