'our local music venue has a capacity of 70 people. Suppose the venue decreases the price of a ticket from $20, at which 50 tickets are sold, to $15, and it sells 70 tickets. The price decrease caused an increase in total consumer surplus of $_ his scenario out before trying to calculate). _ - (Hint: draw ype your numeric answer and submit
'our local music venue has a capacity of 70 people. Suppose the venue decreases the price of a ticket from $20, at which 50 tickets are sold, to $15, and it sells 70 tickets. The price decrease caused an increase in total consumer surplus of $_ his scenario out before trying to calculate). _ - (Hint: draw ype your numeric answer and submit
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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