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

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


   

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) About Me  (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.