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Find the Consumer Surplus and Producer Surplus p=700.5xp = 70 - 0.5 x

Question 233

Multiple Choice

Find the consumer surplus and producer surplus.
Demand p=700.5xp = 70 - 0.5 x
Supply p=0.125xp = 0.125 x


A) Consumer surplus: $3136Producer surplus: $784
B) Consumer surplus: $3286Producer surplus: $784
C) Consumer surplus: $3236Producer surplus: $784
D) Consumer surplus: $3186Producer surplus: $784
E) Consumer surplus: $3336Producer surplus: $784

Correct Answer:

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