prescious12 prescious12

02-07-2021
Mathematics

contestada

suppose demand is given by P-120-5Q if the price drops from 80 per unit to 60 what is the change in consumer surplus

Respuesta :

thapakopila026 thapakopila026

02-07-2021

Answer:

4

Step-by-step explanation:

p=120 -5Q

when p = 80

80 = 120 -5Q

Q=8

and when p= 60

60 = 120 -5Q

Q=12

so, change in consumer surplus = 12-8

= 4

Answer Link

Otras preguntas

What was the name of Queen of England?

importance of winter vacation ?

Lee gets a $25 gift card for his birthday. He buys 8 batteries to go in his controllers and has $19 left. Which equation could be used to determine x, the cost

Write a division number story with an answer of 1/3

How much potential energy does a 1000 kg roller coaster have when it is at the top of a 40 meter hill? O 5 40,000 J O 392,000 J O 294,000 J O 25 J

Test plans require input from both end users and information systems specialists. a. trueb. false

Take a map of India. Note the scale used There . Using a Ruler measure the map distance between Ranchi and Patna . Calculate the actual distance between them.

Simalirities between procedural text and nonprocedural text

what numerical equation of 1-?=8

If the first term of a geometric progression is 16 and the 5th term is 9. Find the 7th term of the geometric progression