Suppose the market demand for a good is described by the equation P = 160 – 2Q. If a change in market supply results in price decreasing from P0 = $100 to P1 = $90, then the resulting change in consumer surplus is:
Suppose the market demand for a good is described by the equation P = 160 – 2Q. If a change in market supply results in price decreasing from P0 = $100 to P1 = $90, then the resulting change in consumer surplus is:
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