prescious12
prescious12 prescious12
  • 02-07-2021
  • Mathematics
contestada

suppose demand is given by P-120-5Q if the price drops from 80 per unit to 60 what is the change in consumer surplus

Respuesta :

thapakopila026
thapakopila026 thapakopila026
  • 02-07-2021

Answer:

4

Step-by-step explanation:

p=120 -5Q

when p = 80

80 = 120 -5Q

Q=8

and when p= 60

60 = 120 -5Q

Q=12

so, change in consumer surplus = 12-8

= 4

Answer Link

Otras preguntas

Describe a bed using imagery or figurative language (just a regular, typical mattress)
what is .0833 in a fraction?
What is4 3/4 as a improper fraction
The fertile central valley is located in: California Oregon Arizona Washington
Which choice contains a broad pronoun reference? When you have written a paper, go back. Revising it will result in a more effective presentation. When you have
How many minutes of news would the disc jockey have to play for every 60minutes of music
is fl oz bigger or less than pt
Who says the following and why? Consort! What! dost thou make us minstrels? an thou make minstrels of us, look to hear nothing but discords: here's my fiddlesti
a polygon has a perimeter of 30 inches each side is 6 inches long what is the figure
Which of these is a source for particulate matter in the air? a. automobiles b. dust c. fires d. all of the above