Refer to Table 4-11. The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick. The equilibrium price and quantity for Chef Ernie's sushi are $60 and 20 thousand units. What is the value of consumer surplus?
A) $100 thousand B) $200 thousand C) $600 thousand D) $800 thousand
B
Economics
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List and discuss various types of goods and services omitted from measured GDP
What will be an ideal response?
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The zero lower bound refers to the situation that
A) the lowest the central bank can decrease the nominal policy rate is 0%. B) real interest rate is 0%. C) inflation rate is 0%. D) risk premium is 0%.
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