Question: Table 7-11 Price Quantity Demanded Quantity Supplied (Dollars per unit) (Units) (Units) 12.00 0 36 10.00 3 30 8.00 6 24 6.00 9 18 4.00

Table 7-11 Price Quantity Demanded Quantity Supplied (Dollars per unit) (Units) (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 33. Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. If the price is $4 but only 6 units are bought and sold, producer surplus will be a. $16. b. $18. c. $24. (1. $26. 34. Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. At equilibrium, consumer surplus is a. $24. b. $36. c. $42. (1. $48

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