Table 4-6

-Refer to Table 4-6.The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick.The equilibrium price and quantity for Chef Ernie's sushi are $60 and 20 thousand units.What is the value of consumer surplus?
A)$100 thousand
B)$200 thousand
C)$600 thousand
D)$800 thousand

Question

Table 4-6
 
-Refer to Table 4-6.The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick.The equilibrium price and quantity for Chef Ernie's sushi are $60 and 20 thousand units.What is the value of consumer surplus?
A)$100 thousand 
B)$200 thousand 
C)$600 thousand 
D)$800 thousand

Quizplus · Accepted Answer

The Answer of Table 4-6
 
-Refer to Table 4-6.The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick.The equilibrium price and quantity for Chef Ernie's sushi are $60 and 20 thousand units.What is the value of consumer surplus?
A)$100 thousand 
B)$200 thousand 
C)$600 thousand 
D)$800 thousand

Table 4-6 -Refer to Table 4-6.The Equations Above Describe the Demand and Describe