Suppose the market supply curve is p = 5Q. If price increases from 10

Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in producer surplus is

A) 25.
B) 5.
C) 12.5.
D) 20.

 

ANSWER

C

 

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00