Question: Continuing from the previous question with yearly market demand for compact cars in Montana of Qd = 1,000 - 0.5 P and a market supply

Continuing from the previous question with yearly market demand for compact cars in Montana of Qd = 1,000 - 0.5 P and a market supply of Qs = 350 + 0.15 P.Suppose large truck manufacturers were lobbying to get the number of compact cars sold in Montana each year limited to 300.What is the most a consumers' association would be willing to spend to fight the legislation? Hint: how much consumer surplus would be lost?

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