Price 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 S D 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Quantity Refer to the Figure. At the equilibrium price, producer surplus is $72. $48. $36. $96.
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In the figure provided, the equilibrium price is where the supply and demand curves intersect, which is at a price of $14. Show more…
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