The market demand function for ice cream is and the market supply function for ice cream is ,where both quantities are measured in millions of gallons per year.What is the producer surplus at the competitive market equilibrium?
A) $4.2
B) $5.4
C) $6
D) $3

Question

The market demand function for ice cream is  and the market supply function for ice cream is  ,where both quantities are measured in millions of gallons per year.What is the producer surplus at the competitive market equilibrium?
A) $4.2 
B) $5.4 
C) $6 
D) $3

Quizplus · Accepted Answer

The Answer of The market demand function for ice cream is  and the market supply function for ice cream is  ,where both quantities are measured in millions of gallons per year.What is the producer surplus at the competitive market equilibrium?
A) $4.2 
B) $5.4 
C) $6 
D) $3

The Market Demand Function for Ice Cream Is and the Market