Suppose the demand for a good was given by: Qp = 76 - 5P. Calculate the change in consumer surplus from when the price falls from $2 to $0. (Do not include a dollar sign in your response. Round to the nearest 2 decimal places if necessary.)
Suppose the demand for a good was given by: Qp = 76 - 5P. Calculate the change in consumer surplus from when the price falls from $2 to $0. (Do not include a dollar sign in your response. Round to the nearest 2 decimal places if necessary.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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