The market for French champagne in a small village consists of two consumers: Antoine and Bruce. Antoine's monthly demand curve is: A = 20-0.1p. for p < 200 and 4 = 0 for p > 200 Bruce's monthly demand curve is] 2 = 10-0.2p. for p < 50 and zB =0 for p > 50 What is monthly aggregate consumer surplus if the village government imposes a $10 per bottle tax on French champagne, which raises the price at which the consumers can buy French champagne to p = 30? O $1050 O $630 O $2115 O $1485

The market for French champagne in a small village consists of two consumers: Antoine and Bruce. Antoine's monthly demand curve is: A = 20-0.1p. for p < 200 and 4 = 0 for p > 200 Bruce's monthly demand curve is] 2 = 10-0.2p. for p < 50 and zB =0 for p > 50 What is monthly aggregate consumer surplus if the village government imposes a $10 per bottle tax on French champagne, which raises the price at which the consumers can buy French champagne to p = 30? O $1050 O $630 O $2115 O $1485

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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