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Table 4-14 -Refer to Table 4-14. the Equations Above Describe the Demand

Question 226

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Table 4-14
Table 4-14 -Refer to Table 4-14. The equations above describe the demand and supply for Pauline's Pickled Pomegranates. The equilibrium price and quantity for Pauline's Pickled Pomegranates are $30 and 15 thousand units. What is the value of economic surplus in this market? A) $50 thousand B) $112.5 thousand C) $225 thousand D) $337.5 thousand
-Refer to Table 4-14. The equations above describe the demand and supply for Pauline's Pickled Pomegranates. The equilibrium price and quantity for Pauline's Pickled Pomegranates are $30 and 15 thousand units. What is the value of economic surplus in this market?


A) $50 thousand
B) $112.5 thousand
C) $225 thousand
D) $337.5 thousand

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