4. Price (dollars per sandwich) 0 12345 6 878 What is the change in total surplus (CS+ PS) after this change? Quantity supplied (sandwiches per week) 0 Quantity demanded 400 350 300 250 200 150 100 50 0 50 100 150 200 250 300 350 400

4. Price (dollars per sandwich) 0 12345 6 878 What is the change in total surplus (CS+ PS) after this change? Quantity supplied (sandwiches per week) 0 Quantity demanded 400 350 300 250 200 150 100 50 0 50 100 150 200 250 300 350 400

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter3: Market Demand And Supply

Section3.A: Consumer Surplus, Proudcer Suplus, And Market Efficency

Problem 1SQP

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Question

Price
(dollars per
sandwich)
0
|
2
345678
4. What is the change in total surplus (CS+ PS) after this change?
Quantity
supplied
(sandwiches per week)
0
Quantity
demanded
400
350
300
250
200
150
100
50
0
50
100
150
200
250
300
350
400

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