Figure: Market for Hamburgers
(Figure: The Market for Hamburgers) Look at the figure The Market for Hamburgers.The figure shows the weekly market for hamburgers in Irvine, Kentucky.If the price of burgers falls from $1.50 to $1.00, there is a loss in producer surplus.How much of the loss accrues because of the change in the quantity supplied?
A.$50
B.$45
C.$75
D.$90
Correct Answer:
Verified
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A)the sum of consumer and