Title: Market EquilibriumThe graph shows the market for elephant rides. Assume that P1=$3.00, P2=$4.50, ...
Post by: bioboy12 on Nov 14, 2022
Market Equilibrium
The graph shows the market for elephant rides.
Assume that P1=$3.00, P2=$4.50, P3=$13.50, and Q1=3.75. At market equilibrium, what is the consumer surplus? What is the producer surplus? What is economic surplus? Please round your answer to two decimal places.
▸ $33.75, $2.81, $36.56
▸ $16.88, $8.44, $25.32
▸ $16.88, $2.81, $19.69
▸ $33.75, $8.44, $42.19
The graph shows the market for elephant rides.
Assume that P1=$3.00, P2=$4.50, P3=$13.50, and Q1=3.75. At market equilibrium, what is the consumer surplus? What is the producer surplus? What is economic surplus? Please round your answer to two decimal places.
▸ $33.75, $2.81, $36.56
▸ $16.88, $8.44, $25.32
▸ $16.88, $2.81, $19.69
▸ $33.75, $8.44, $42.19
Title: Market EquilibriumThe graph shows the market for elephant rides. Assume that P1=$3.00, P2=$4.50, ...
Post by: paris.chen on Nov 14, 2022
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