Figure 10 1 Price 200 180 160 + 140 + 120 100+ 80 60 40 20...

Question

Question

Answer 1

Answer #1

If the equilibrium price is $60 , the producer surplus will be $60*80 = d. $4,800

If the equilibrium price rises from $60 to $120, the additional producer surplus to initial producers in the market = (120*160)-$4,800 =14400

Answer 2

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