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andrew-mc [135]
3 years ago
9

Mountain river adventures offers whitewater rafting trips down the colorado river. it costs the firm $100 for the first raft tri

p per day, $120 for the second, $140 for the third, and $160 for the fourth. if the market price for a raft trip was $120 but has now increased to $150, the gain in producer surplus is equal to:
Business
1 answer:
Natalka [10]3 years ago
4 0
Add the first four numbers than u will need to know what increased means it means u either add or subtract $150 and than u find your answer
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The price elasticity of a good will tend to be larger if the fewer number of substitute goods will be  available.

The cross elasticity of demand for substitute goods is always positive because the demand of one good increases at the time when the price for the substitute good increases however the cross elasticity of demand for complementary goods is always negative.

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