Answer to Question #305374 in Microeconomics for Ria

Question #305374

Suppose the market for watermelon can be described as the graph below . If Jon is willing to pay 8 dollars

Expert's answer

Consumer surplus= "\\frac{1}{2}\\times Q \\times (P_2-P_2)"

"\\frac{1}{2}\\times 6\\times (8-5)" = 9

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