SOLUTION: Calculate the consumer surplus for the demand function P=48-0.2Q when the market price is P=30

SOLUTION: Calculate the consumer surplus for the demand function P=48-0.2Q when the market price is P=30

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Question 729936: Calculate the consumer surplus for the demand function P=48-0.2Q when the market price is P=30
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
P=48-0.2Q
30=48-0.2Q
0.2Q=48-30
0.2Q=18
Q=18/0.2
Q=90 ANS.
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