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(1 point) In May 1991, Car and Driver described a Jaguar that sold for 980,000 dollars. Suppose that at that price only 55 have been
(1 point) In May 1991, Car and Driver described a Jaguar that sold for 980,000 dollars. Suppose that at that price only 55 have been sold. If it is estimated that 300 could have been sold if the price had been 520,000 dollars. Assuming that the demand curve is a straight line, and that 520,000 dollars and 300 are the equilibrium price and quantity, find the consumer surplus at the equilibrium price
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