The table shows the demand and supply schedules for calculat

The table shows the demand and supply schedules for calculators. The equilibrium price of a calculator is $ The consumer surplus from calculators is $ The producer surplus from calculators it $ The efficient quantity of calculators

Solution

1. The equilibrium price of a calculator is $8.

2. The consumer surplus from calculator is 960.

3. The producer surplus from calculator is 960.

4. The efficient quantity of calculator is 240.

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