A market has demand given by P = 35-4Q. If the market price is $15, what is consumer surplus? $100 $50 $20 $5

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter4: Markets In Action
Section: Chapter Questions
Problem 11SQ
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A market has demand given by P = 35-4Q. If the market price is $15, what is consumer surplus?
$100
$50
$20
$5
O
O
Transcribed Image Text:A market has demand given by P = 35-4Q. If the market price is $15, what is consumer surplus? $100 $50 $20 $5 O O
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