Test 2 Table and Figures
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Refer to Figure 5-5. At a price of $70 per unit, sellers' total revenue equals
$1050.
Refer to Figure 7-19. If the government imposes a price ceiling of $55 in this market, then total surplus will be
$250.00.
Refer to Table 7-1. If the price of the product is $122, then the total consumer surplus is
$41.
Refer to Figure 7-14. If the market price increases to $130 due to an increase in demand, then producer surplus is
$900.
Refer to Figure 7-24. If the government imposes a price floor at $18, then consumer surplus is
AGH.
Refer to Figure 5-3. Which demand curve is perfectly elastic?
D
