Answered: If demand is given by P = 100 - 3Q and…

If demand is given by P = 100 - 3Q and the market price is 10, then consumer surplus is... a. $2700 b. $3000 c. $1500 d. $1350

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter3: Market Demand And Supply

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

Problem 2SQ

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If demand is given by P = 100-3Q and the market price is 10, then consumer surplus is...
a. $2700
b. $3000
c. $1500
d. $1350

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