Page 1 of 1
Suppose a consumer's demand function for a good is given by the function: Qd = 200 - 2P. = (a) If the price is currently
Posted: Sun Apr 10, 2022 8:37 am
by answerhappygod
- Suppose A Consumer S Demand Function For A Good Is Given By The Function Qd 200 2p A If The Price Is Currently 1 (49.79 KiB) Viewed 36 times
Suppose a consumer's demand function for a good is given by the function: Qd = 200 - 2P. = (a) If the price is currently $50 the consumer surplus of the good is $ (b) Now suppose the price was $80 but then the good became unavailable. The compensation the consumer would need to leave their utility unchanged would be $