Unformatted text preview: 2Q at Texas A&M (where Q is measured in 10,000s per semester). a. Graph the market for used textbooks. What is the equilibrium price and quantity? b. Calculate and graph (above) consumer surplus, producer surplus, and total economic surplus. What is the most that consumers and producers together would be willing to pay for the right to be able to buy and sell used textbooks?...
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- Spring '08
- Supply And Demand, producer, total economic surplus, College Station