Question: 5.18. The demand function for widgets is given by D(P) ! 16 % 2P. Compute the change in consumer surplus when the price of a

5.18. The demand function for widgets is given by D(P) ! 16 % 2P. Compute the change in consumer surplus when the price of a widget increases from $1 to $3.

Illustrate your result graphically.

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