Recall from the previous chapter that the consumers surplus is defined by where D(q) is the demand
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Recall from the previous chapter that the consumers’ surplus is defined by
where D(q) is the demand function, q0 is the equilibrium quantity, and p0 = D(q0) is the equilibrium price. Find the consumers’ surplus for each of the following demand functions and equilibrium quantities.
D(q) = (q + 20)e-0.1q, q0 = 10
Transcribed Image Text:
90 [D(q) - poldq,
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