i need the answer quickly 16. Refer to Figure 9-2.Without trade, producer surplus amounts toOa. $1,620.Ob. $810.Oc. $6,480.240.PRICE (Dollars per tricycle)37Figure 9-2Domestic DemandDomestic Supply200360QUANTITY (Tricycles)620I revenue will beWorld Price

It refers to the gap between the price(P) producers are ready to accept for a service or item and…

Answered: 16. Refer to Figure 9-2. Without trade,…

16. Refer to Figure 9-2. Without trade, producer surplus amounts to Oa. $1,620. Ob. $810. Oc. $6,480, PRICE (Dollars per 11 19 200 360 620 QUANTITY (Tricycles) will be

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 3PA

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Question

i need the answer quickly

16. Refer to Figure 9-2.
Without trade, producer surplus amounts to
Oa. $1,620.
Ob. $810.
Oc. $6,480.
240.
PRICE (Dollars per tricycle)
37
Figure 9-2
Domestic Demand
Domestic Supply
200
360
QUANTITY (Tricycles)
620
I revenue will be
World Price

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