Suppose the following table gives the supply and demand schedules, with p in dollars and x as the number of units. Use Simpson's Rule to approximate the consumer's surplus at market equilibrium. Note that market equilibrium can be found from the tables.

A) $33,846
B) $27,060
C) $29,927
D) $13,420
E) $31,493

Question

Suppose the following table gives the supply and demand schedules, with p in dollars and x as the number of units. Use Simpson's Rule to approximate the consumer's surplus at market equilibrium. Note that market equilibrium can be found from the tables.

​
A) $33,846 
B) $27,060 
C) $29,927 
D) $13,420 
E) $31,493

Quizplus · Accepted Answer

The Answer of Suppose the following table gives the supply and demand schedules, with p in dollars and x as the number of units. Use Simpson's Rule to approximate the consumer's surplus at market equilibrium. Note that market equilibrium can be found from the tables. ​

​
A) $33,846 
B) $27,060 
C) $29,927 
D) $13,420 
E) $31,493

Suppose the Following Table Gives the Supply and Demand Schedules