Question: Price (Dollars per unit) Quantity Demanded (Units) Quantity Supplied (Units) 12.00 0 36 10.00 3 30 8.00 6 24 6.00 9 18 4.00 12 12

Price (Dollars per unit) Quantity Demanded (Units) Quantity Supplied (Units) 12.00 0 36 10.00 3 30 8.00 6 24 6.00 9 18 4.00 12 12 2.00 15 6 0.00 18 0 Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. At equilibrium, consumer surplus is $24. $36. $42. $48

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