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Assume the demand for good Q is Q = B 7 2P, where P is the price of the good and B is a constant.
Assume the demand for good Q is Q = B 7 2P, where P is the price of the good and B is a constant. If the quantity demanded is 40 when P is 80, then what is the consumer surplus when P24O? Seiect one: 0 a. 7,200 0 b. 6,400 0 c. 3,600 0 d. 3,200 0 e. 1,600
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