Solution -
Option D. Zero is Correct option.
Explanation -
we know that equilibrium condition
QS=QD
10 + Q = 70 - 2Q
3Q = 70 -10
Q=60/3
Q =20
Put Q=20 in QS for Equilibrium Price
P = 10 + Q
P = 10 + 20
P = 30
Equilibrium Price $30 and Price Floor also $30 both are same
it means
there is no change in price and Y axis so
hence proved there is no change in Consumer Surplus
So Option D. Zero is Correct option.
Question 18 Not yet answered demand function is P 70 - 2Q. What is the change...
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