Question
The demand function for a certain product is given by p = 50 - 10q where q is thequantity and q is the price.
The demand function for a certain product is given by p = 50 - 10q where q is thequantity and q is the price. Find the consumers' surplus (C.S) if the market equilibrium pointis (3, 20).
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
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