prescious12 prescious12

02-07-2021
Mathematics

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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

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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

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