Mathematics, 18.09.2019 07:10 apodoltsev2021

The market price of a good is $10, and 40 units of the good sell at this price. its demand curve intersects the vertical axis at a price of $12 and has a constant slope. what is the approximate value of consumer surplus in this market?
a.
$30
b.
$50
c.
$40
d.
$20

Answers: 3

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The market price of a good is $10, and 40 units of the good sell at this price. its demand curve intersects the vertical axis at a price of $12 and has a constant slope. what is the approximate value of consumer surplus in this market? a. $30 b. $50 c. $40 d. $20

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Another question on Mathematics

The market price of a good is $10, and 40 units of the good sell at this price. its demand curve intersects the vertical axis at a price of $12 and has a constant slope. what is the approximate value of consumer surplus in this market?
a.
$30
b.
$50
c.
$40
d.
$20