What is the total purchase of tennis racquets

4. Let the market for Tennis racquets be:Quantity demanded & market price quantity supplied & market price 0 100 0 40 25 80 15 50 40 50 25 80What is the total purchase of tennis racquets? Why?What is the consumer surplus? Why?What is the increase in consumer surplus when the market price drops to $ 50?What is the increase in producer surplus when the market jumps to 80?Deduce and explain the total surplus


Looking for a Similar Assignment? Let us take care of your classwork while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today!