18. Demand and Supply curves can be represented by: Qd = 90-2P; and Qs = 3P....

Question

Question

18. Demand and Supply curves can be represented by: Qd = 90-2P; and Qs = 3P.

Using the same Demand and Supply curves that can be represented by: Qd = 90-2P; and Qs = 3P. Consumer Surplus is:

$1944

$342

$729

$486

business economics

Answer 1

Answer #1

quim SP = 90 ρ= 18 54

0 18 o 54 C.S heigtt

Consumer surplus is the area below the demand curve and above market equilibrium price.

Answer 2

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