Question: 13. Suppose demand is given by QD = 6 - P. a. Graph the demand curve. b. If the price is $2, what is the
13. Suppose demand is given by QD = 6 - P.
a. Graph the demand curve.
b. If the price is $2, what is the consumer surplus?
c. If the price goes up to $4, what is the new consumer surplus? This new surplus should be lower; explain why
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