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Question: shade total market surplus...

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< Back to ent Attempts: 0 Average: 0/2 8. Total economic surplus The following diagram shows supply and demand in the market for smartphones. Use the black point (plus symbol) to indicate the equilibrium price and quantity of smartphones. Then use the green point (triangle symbol) to fill the area representing consumer surplus, and use the purple point (diamond symbol) to fill the area representing producer surplus. 225 Demand Equilibrium 175 150 Type here to search

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Homework (Ch 07) to indicate the equilibrium price and quantity of smartphones. Then use the green point (triangle symbol) to fill the consumer surplus, and use the purple point (diamond symbol) to fill the area representing producer surplus. Equilibrium 0 10 20 30 40 5060 TO 80 100

Homework (Ch 07) Equilibrium 175 150 100 Producer Surplus 2 75 50 Supply 0 10 20 30 40 50 670 80 90 100 QUANTITY (Millions of phones) million Total surplus in this market is $ Grade It Now Continue without saving

total market surplus???

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