Answered: If the demand equation is Q=100-10p…

If the demand equation is Q=100-10p find the consumer’s surplus when the consumer purchases 8 units. What is the revenue of the seller?

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter3: Market Demand And Supply

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

Problem 16SQ

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If the demand equation is Q=100-10p find the consumer’s surplus when the consumer
purchases 8 units. What is the revenue of the seller?

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