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Author Question: Figure 4-3 shows the market for granola. The market is initially in equilibrium at a ... (Read 53 times)

nummyann

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on: Mar 15, 2019

Figure 4-3








Figure 4-3 shows the market for granola. The market is initially in equilibrium at a price of 
P
1 and a quantity of 
Q
1. Now suppose producers decide to cut output to 
Q
2 in order to raise the price to 
P
2.



Refer to Figure 4-3. What area represents consumer surplus at 
P2?


◦ A
◦ A + 
B
◦ B + 
C
◦ A + 
B + 
D + 
E
« Last Edit: Mar 15, 2019 by Celeste »
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by nummyann on Mar 15, 2019

mcni194

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Reply #1 on: Mar 15, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nummyann

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Reply 2 on: Mar 15, 2019
Great answer, keep it coming :)

at

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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