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bioboy12 bioboy12
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A year ago
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
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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paris.chenparis.chen
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A year ago
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bioboy12 Author
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A year ago
Thanks
byehoe
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Yesterday
Smart ... Thanks!
apelton
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2 hours ago
Thanks for your help!!
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