The table shows data on the supply and demand for munchies. From the data, if the market is in equilibrium, what is the amount of consumer surplus and producer surplus, and the summation of both? Use a graph to support your Answer.
$\begin{array}{|c|c|c|}
\hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \
\hline \$ 10 & 300 & 0 \
\hline \$ 20 & 250 & 100 \
\hline \$ 30 & 200 & 200 \
\hline \$ 40 & 150 & 300 \
\hline \$ 50 & 100 & 400 \
\hline \$ 60 & 50 & 500 \
\hline \$ 70 & 0 & 600 \
\hline
\end{array}$

Question

The table shows data on the supply and demand for munchies. From the data, if the market is in equilibrium, what is the amount of consumer surplus and producer surplus, and the summation of both? Use a graph to support your Answer.
 $\begin{array}{|c|c|c|}
\hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \
\hline \$ 10 & 300 & 0 \
\hline \$ 20 & 250 & 100 \
\hline \$ 30 & 200 & 200 \
\hline \$ 40 & 150 & 300 \
\hline \$ 50 & 100 & 400 \
\hline \$ 60 & 50 & 500 \
\hline \$ 70 & 0 & 600 \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of The table shows data on the supply and demand for munchies. From the data, if the market is in equilibrium, what is the amount of consumer surplus and producer surplus, and the summation of both? Use a graph to support your Answer.
 $\begin{array}{|c|c|c|}
\hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \
\hline \$ 10 & 300 & 0 \
\hline \$ 20 & 250 & 100 \
\hline \$ 30 & 200 & 200 \
\hline \$ 40 & 150 & 300 \
\hline \$ 50 & 100 & 400 \
\hline \$ 60 & 50 & 500 \
\hline \$ 70 & 0 & 600 \
\hline
\end{array}$

The Table Shows Data on the Supply and Demand for Munchies