17) The demand curve for tickets to the George Winston concert (with special guest star, Kenny G) is given as follows: Q 200-0.1P = At a price of $30, what is the consumer surplus from concert tickets? A) $0 B) $20 C) $2,000 D) $1,970 E) $194,045

17) The demand curve for tickets to the George Winston concert (with special guest star, Kenny G) is given as follows: Q 200-0.1P = At a price of $30, what is the consumer surplus from concert tickets? A) $0 B) $20 C) $2,000 D) $1,970 E) $194,045

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

17) The demand curve for tickets to the George Winston concert (with special guest star, Kenny
G) is given as follows:
Q=200 -0.1P
At a price of $30, what is the consumer surplus from concert tickets?
A) $0
B) $20
C) $2,000
D) $1,970
E) $194,045

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