Homework Answers
qd = 20 -5p
If qd = 0, P = 4
At P = 1.40,
Qd = 20- 5(1.4)
Qd = 13
Consumer surplus = (1/2)*(4-2.2)*9 + (1/2)*(2.2 - 1.40)*(13-9) = $9.70
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