Question
Figure: Good X Price 300 200 100 _______________________________________ 0 50 100 150 200 D As the price falls from $200 to $100, consumer surplus changes
Figure: Good X
Price
300
200
100
_______________________________________
0 50 100 150 200 D
As the price falls from $200 to $100, consumer surplus changes by :
a. $12,500
b. $5,000
c. -$25,000
d. $10,000
Please give right answer and explain how you figured it with a function to use within in excel.
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
