Suppose that as the price of Y falls from $15 to $12, the quantity of Y demanded Increases from 200 to 220. Then the absolute value of the price elasticity (using the midpolnt formula) Is approximately Multiple Cholce 6.67. 0.5 0.43 2.33.

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

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