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Suppose That the Demand Function for an Appliance Is

Question 254

Multiple Choice

Suppose that the demand function for an appliance is Suppose that the demand function for an appliance is where q is the number of units and p is in dollars. What is the consumer's surplus if the equilibrium price is $17.6 and the equilibrium quantity is 21? Round your answer to the nearest dollar. ​ A) $473 B) $475 C) $811 D) $848 E) $474 where q is the number of units and p is in dollars. What is the consumer's surplus if the equilibrium price is $17.6 and the equilibrium quantity is 21? Round your answer to the nearest dollar. ​


A) $473
B) $475
C) $811
D) $848
E) $474

Correct Answer:

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