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The demand for drinks by customers at Parker's Pub can be represented by the demand curve, P = 10 - 2Q. If the price of

The demand for drinks by customers at Parker's Pub can be represented by the demand curve, P = 10 - 2Q. If the price of drinks is $4,

a. Draw the demand curve for drinks and calculate the consumer surplus. b. Calculate the total revenues that Parker's Pub generates at this price. c. Suppose Parker thinks he understands the concept of consumer surplus and attempts to capture some of it by

charging patrons a cover charge of $10 to enter the pub. Will the cover charge be successful at increasing Parker's revenues? Explain why or why not.

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