Question: Given the following inverse demand function PD = 499 2.1Q, what is the consumer surplus at P* = 197?

Given the following inverse demand function PD = 499 2.1Q, what is 

Given the following inverse demand function PD = 499 2.1Q, what is the consumer surplus at P* = 197?

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To find the consumer surplus at the given price P 197 we need to calculate the area ... View full answer

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