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Table 4-13 -Refer to Table 4-13. the Equations Above Describe the Demand

Question 296

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Table 4-13
Table 4-13 -Refer to Table 4-13. The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion. The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units. What is the value of consumer surplus? A) $300 thousand B) $450 thousand C) $900 thousand D) $1,500 thousand
-Refer to Table 4-13. The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion. The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units. What is the value of consumer surplus?


A) $300 thousand
B) $450 thousand
C) $900 thousand
D) $1,500 thousand

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