Multiple Choice
The aggregate demand for good X is Q = 20 - P. If the price rises from P = $4 to P = $5, what is the change in consumer surplus?
A) $4.50
B) $5.50
C) $15.50
D) $16
Correct Answer:
Verified
Related Questions
The aggregate demand for good X is Q = 20 - P. If the price rises from P = $4 to P = $5, what is the change in consumer surplus?
A) $4.50
B) $5.50
C) $15.50
D) $16
Correct Answer:
Verified
