c) Given demand function P = 30 – 4Q i) Find the consumer's surplus at Q = 5. ii) Illustrate your finding in i) using an appropriate diagram.

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Given demand function P = 30 – 4Q
i)
Find the consumer's surplus at Q = 5.
%3D
ii)
Illustrate your finding in i) using an appropriate diagram.
Transcribed Image Text:Given demand function P = 30 – 4Q i) Find the consumer's surplus at Q = 5. %3D ii) Illustrate your finding in i) using an appropriate diagram.
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