13. Suppose demand is given by QD = 6 - P. a. Graph the demand curve. b....

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13. Suppose demand is given by QD = 6 - P.

a. Graph the demand curve.

b. If the price is $2, what is the consumer surplus?

c. If the price goes up to $4, what is the new consumer surplus? This new surplus should be lower; explain why

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Macroeconomics

ISBN: 9780134492056

2nd Edition

Authors: Daron Acemoglu, David Laibson, John List

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Question Posted: Nov 16, 2024 09:00 AM

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13. Suppose demand is given by QD = 6 - P. a. Graph the demand curve. b....

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Macroeconomics

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