If the inverse demand function for radios is p = a - bq, what is the consumer

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If the inverse demand function for radios is p = a - bq, what is the consumer surplus if the price is a/2?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Dec 29, 2017 12:47 AM

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If the inverse demand function for radios is p = a - bq, what is the consumer

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Consumer surplus is the monetary difference between what a consumer is willing to pay for the quanti...View the full answer

Microeconomics Theory and Applications with Calculus

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