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Suppose the Following Table Gives the Supply and Demand Schedules

Question 150

Multiple Choice

Suppose the following table gives the supply and demand schedules, with p in dollars and x as the number of units. Use Simpson's Rule to approximate the consumer's surplus at market equilibrium. Note that market equilibrium can be found from the tables. ​ Suppose the following table gives the supply and demand schedules, with p in dollars and x as the number of units. Use Simpson's Rule to approximate the consumer's surplus at market equilibrium. Note that market equilibrium can be found from the tables. ​ ​ A) $33,846 B) $27,060 C) $29,927 D) $13,420 E) $31,493 ​


A) $33,846
B) $27,060
C) $29,927
D) $13,420
E) $31,493

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