Question: Table 4-6 Demand Supply P = 10 + P = 50 - QD 1/3 Qs Qp = 50 - P Qs = 3P - 30

Table 4-6 Demand Supply P = 10 + P = 50

Table 4-6 Demand Supply P = 10 + P = 50 - QD 1/3 Qs Qp = 50 - P Qs = 3P - 30 = Refer to Table 4-6. The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion. The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units. What is the value of producer surplus? $600 thousand O $300 thousand $150 thousand $30 thousand

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