Below is the given data : 1: P=16-4Q1 2: P=16-2Q1 3,4: P=16-4Q1 a. graph the market demand curve b. At the price of $6, how many visits to the gym will our 4 people make a month? Label A : compute consumer surplus at $6

Below is the given data : 1: P=16-4Q1 2: P=16-2Q1 3,4: P=16-4Q1 a. graph the market demand curve b. At the price of $6, how many visits to the gym will our 4 people make a month? Label A : compute consumer surplus at $6

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter3: Market Demand And Supply

Section3.A: Consumer Surplus, Proudcer Suplus, And Market Efficency

Problem 1SQP

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Question

Below is the given data :

1: P=16-4Q1

2: P=16-2Q1

3,4: P=16-4Q1

a. graph the market demand curve

b. At the price of $6, how many visits to the gym will our 4 people make a month?

Label A : compute consumer surplus at $6

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