Question
Using demand and supply diagram you plotted in Q1a, indicate the (i) consumer surplus and (ii) producer surplus for gelato. Price Quantity Demanded Quantity Supplied
Using demand and supply diagram you plotted in Q1a, indicate the (i) consumer surplus and (ii) producer surplus for gelato.
Price | Quantity Demanded | Quantity Supplied |
10.00 | 2,500 | 0 |
20.00 | 2,000 | 1,000 |
30.00 | 1,500 | 1,500 |
40.00 | 1,000 | 2,000 |
50.00 | 500 | 2,500 |
60.00 | 0 | 3,000 |
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Econometrics By Example
Authors: Damodar Gujarati
2nd Edition
1137375019, 9781137375018
