Question: Current Attempt in Progress In May 1991, Car and Driver described a Jaguar that sold for $980,000. At that price only 50 have been

Current Attempt in Progress In May 1991, Car and Driver described a

Current Attempt in Progress In May 1991, Car and Driver described a Jaguar that sold for $980,000. At that price only 50 have been sold. It is estimated that 350 could have been sold if the price had been $560,000. Assuming that the demand curve is a straight line, and that $560,000 and 350 are the equilibrium price and quantity, find the consumer surplus at the equilibrium price. Consumer surplus = i dollars

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