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In May 1 9 9 1 , Car and Driver described a Jaguar that sold for 9 8 0 , 0 0 0 dollars. Suppose
In May Car and Driver described a Jaguar that sold for dollars. Suppose that at that price only have been sold. If it is estimated that could have been sold if the price had been dollars. Assuming that the demand curve is a straight line, and that dollars and are the equilibrium price and quantity, find the consumer surplus at the equilibrium price.
surplus thousands of dollars
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