Answer to Question #155235 in Microeconomics for Lethiwe

Question #155235

If the equation for a market demand curve is Qd = 15 – 0.2P and the equation for a market supply curve is Qs = ̶ 1 + 0.6P, what is the consumer surplus?

Expert's answer

"\\frac {1}{2}\\times55\\times11=302.5"

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