Question:Demand & supply curves have been estimated to be qd=100-0.2p
and qs=-20+0.4p, respectively. What is consumer...
Question
Demand & supply curves have been estimated to be qd=100-0.2p
and qs=-20+0.4p, respectively. What is consumer...
Demand & supply curves have been estimated to be qd=100-0.2p
and qs=-20+0.4p, respectively. What is consumer surplus equal to in
the market equillibrium?
Also, suppose a price floor of 300 is implemented by the
government. What will consumer surplus be equal to after the price
floor is imposed?