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

Question 387

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Table 4-12
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
-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

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