Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) p = 8 - 2q; p = 5

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
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Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.)
p = 8 – 2q; p = 5
$
Transcribed Image Text:Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) p = 8 – 2q; p = 5 $
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