Refer to Table 4-6. 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 economic surplus in this market?
A) $600 thousand B) $1,050 thousand C) $1,500 thousand D) $2,100 thousand


A

Economics

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