Table 4-12 -Refer to Table 4-12. the Equations Above Describe the Demand

Multiple Choice

Table 4-12

-Refer to Table 4-12. The equations above describe the demand and supply for Bubba's Fried Jellybeans. The equilibrium price and quantity for Bubba's Fried Jellybeans are $40 and 5 thousand units. What is the value of economic surplus in this market?

A) $5 thousand
B) $12.5 thousand
C) $25 thousand
D) $37.5 thousand