Chapter 13.5, Problem 38E

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

** Consumer’s surplus** If the demand function for wheat is

To determine

**To calculate:** The consumer’s surplus at

Explanation

**Given Information:**

Demand function for wheat is,

Where

**Formula used:**

Demand function for wheat is,

Where

Consumer surplus at

**Calculation:**

As it is provided that demand function for wheat is,

Where

Now, consumer surplus at

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