Answer to Question #138982 in Economics for Aurelia

Question #138982

If the demand function for rice is as follows

Qd = -200P + 5000

Find the consumer surplus when the price is fixed at

a) GHc 15

b) GHc 10

Expert's answer

"Q_1=-200\\times15+5000=2000"

"Q_2=-200 \\times 10+5000=3000"

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