Consider the inverse demand and supply for dates to be given by P= 30-3Qd and P 6+Qs. The total surplus in this competitive market is where is due to producers. Select one: OA. $50, 50% B. $54, 80% C. $18,75% D. $72, 25%

Consider the inverse demand and supply for dates to be given by P= 30-3Qd and P 6+Qs. The total surplus in this competitive market is where is due to producers. Select one: OA. $50, 50% B. $54, 80% C. $18,75% D. $72, 25%

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 6CQQ

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Concept explainers

Product and Price Bundling

Product and price bundling is used as a marketing strategy by businesses, where complementary products and services are combined and sold as a package deal. This bundled price is usually less than the total price of the individual products if they were to be sold separately. When bundled and sold, each product is sold at a reduced price. Using a price bundling strategy helps increase the average revenue per user and also increases the engagement with the user. This happens as the perceived value of the bundled products is more than the individual products.

Question

Answer the attached question

Consider the inverse demand and supply for dates to be given by P= 30-3Qd and P 6+Qs. The
total surplus in this competitive market is
where is due to producers.
Select one:
OA.
$50, 50%
B.
$54, 80%
C.
$18,75%
D.
$72, 25%

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