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Consider the Following Supply and Demand Schedules, with P in Dollars

Question 108

Multiple Choice

Consider the following supply and demand schedules, with p in dollars and x as the number of units. Consider the following supply and demand schedules, with p in dollars and x as the number of units. Use Simpson's Rule to approximate the producer's surplus at market equilibrium to 2 decimal places. Note that market equilibrium can be found from the tables. ​ A) $6,466.67 B) $23,333.33 C) $16,166.67 D) $26,366.67 E) $13,133.33 Use Simpson's Rule to approximate the producer's surplus at market equilibrium to 2 decimal places. Note that market equilibrium can be found from the tables. ​


A) $6,466.67
B) $23,333.33
C) $16,166.67
D) $26,366.67
E) $13,133.33

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