Mathematics, 09.10.2019 00:30 RDS468

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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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