Table 7-11
Price (Dollars per unit) Quantity Demanded (Units) Quantity Supplied (Units)
12.00 0 36
10.00 3 30
8.00 6 24
6.00 9 18
4.00 12 12
2.00 15 6
0.00 18 0
Refer to Table 7-11. At a price of $2.00, total surplus is
a. larger than it would be at the equilibrium price.
b. smaller than it would be at the equilibrium price.
c. the same as it would be at the equilibrium price.
d. There is insufficient information to make this determination.
