The graph shows the demand curve for ice cream cones and the market price of a ice cream cone. If demand doubles, how does consumer surplus change? If demand doubles, consumer surplus by 4.00- 3.00- 2.00- 1.00- SIDI Price (dollars per ice cream cone) 10 0.00+ 0 10 10 20 30 8800 D 40 40 50 Quantity (ice cream cones per day) Market price 60 60 70 10
The graph shows the demand curve for ice cream cones and the market price of a ice cream cone. If demand doubles, how does consumer surplus change? If demand doubles, consumer surplus by 4.00- 3.00- 2.00- 1.00- SIDI Price (dollars per ice cream cone) 10 0.00+ 0 10 10 20 30 8800 D 40 40 50 Quantity (ice cream cones per day) Market price 60 60 70 10
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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