Question: Larry demands strawberries according to the schedule P 40
Larry demands strawberries according to the schedule P = 40 - (Q/2), where P is the price of strawberries ($/pint) and Q is the quantity (pint/ wk). Assuming that the income effect is negligible, how much will he be hurt if the price of strawberries goes from $1/pint to $2/pint?
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