Answered: 6. If the demand equation is L=100-10r…

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6. If the demand equation is L=100-10r find the consumer's surplus when the consumer purchases 8 units.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 6QR: What do we call a good with an income elasticity less than zero?

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6. If the demand equation is L=100-10r find the consumer's surplus when the consumer
purchases 8 units.

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