i need the answer quickly 16. Refer to Figure 9-2.Without trade, producer surplus amounts toOa. $1,620.Ob. $810.Oc. $6,480.240.PRICE (Dollars per tricycle)37Figure 9-2Domestic DemandDomestic Supply200360QUANTITY (Tricycles)620I revenue will beWorld Price

It refers to the gap between the price(P) producers are ready to accept for a service or item and…

Answered: 16. Refer to Figure 9-2. Without trade,…

16. Refer to Figure 9-2. Without trade, producer surplus amounts to Oa. $1,620. Ob. $810. Oc. $6,480, PRICE (Dollars per 11 19 200 360 620 QUANTITY (Tricycles) will be

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 34RQ: What is the relationship between total surplus and economic efficiency?

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Question

i need the answer quickly

16. Refer to Figure 9-2.
Without trade, producer surplus amounts to
Oa. $1,620.
Ob. $810.
Oc. $6,480.
240.
PRICE (Dollars per tricycle)
37
Figure 9-2
Domestic Demand
Domestic Supply
200
360
QUANTITY (Tricycles)
620
I revenue will be
World Price

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What is the relationship between total surplus and economic efficiency?
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