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Format Tools Table Window Help 355o. Layout References Mailings Review - A A Aa A micro hw 1 View 3 31 A No Space AaBbc Bb Me
References Mailings Review View Aav A 33 21 1 Ad Aabende Aal No Spacing b. FAG C D +H+F. d D +H+F+G+ 35. Refer to figure 7. I
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Answer #1

31. Equilibrium price is

b. P2.

32. At equilibrium, consumer surplus is represented by area

b. A+B+C.

33. At price P3, consumer surplus is shown by area

a. A.

34. At equilibrium, producer surplus is given by area

c. D+H+F.

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