Question: Suppose a consumer's demand function for a good is given by the function: Qd = 120 - 3P. (a) If the price is currently $20

Suppose a consumer's demand function for a good is given by the function:

Qd = 120 - 3P.

(a) If the price is currently $20 the consumer surplus of the good is $......

(b) Now suppose the price was $10 but then the good became unavailable. The compensation the consumer would need to leave their utility unchanged would be $.........

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