What's the best way to solve this? Thanks. Market demand for haircuts is given by Q =

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What's the best way to solve this? Thanks.

Market demand for haircuts is given by Q = 100 2P, where Q is the quantity demanded and P is the price in dollars. The market equilibrium price is equal to $10. If, due to a shortage of hairdressers, the equilibrium price increases to $20, what would be the reduction in consumer surplus?

Posted Date: May 16, 2024 04:27 AM

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