Suppose that a demand curve is given by Qd = 144 - 3P, and P* =...

Question

Question

Suppose that a demand curve is given by Qd = 144 - 3P, and P* = 7. What is the value of Consumer Surplus?

business economics

Answer 1

Answer #1

ANSWER consumer surplus - It is the Ares below the demand ware and above the price line. Od= 144-3p. when P-7 Od 144-342) = 1

Answer 2

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