Question: round to two decimal places Text Exercise 6.4 If the domestic demand curve is Q = 10p -0.5 the domestic supply curve is Q =5p0-5

round to two decimal places

Text Exercise 6.4 If the domestic demand curve is Q = 10p -0.5 the domestic supply curve is Q =5p0-5 and the world price is $7.00, use calculus to determine the changes in consumer surplus, producer surplus, and welfare from eliminating free trade. The change in consumer surplus (ACS) from eliminating free trade is $ . (Enter your response rounded to two decimal places.)

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