Question
Justin's inverse demand for a good is given by p = 47.00 - 2.00q. Assuming that there are enough suppliers to meet his demand,
Justin's inverse demand for a good is given by p = 47.00 - 2.00q. Assuming that there are enough suppliers to meet his demand, what is his gross consumer surplus if the per-unit price is p = 2.00? 22.50 (Round to the nearest two decimals if necessary.)
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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978-1464146978, 1464146977
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