Figure 7-4
-Refer to Figure 7-4.If the market equilibrium price falls from $120 to $80,how much is the increase in consumer surplus to the consumers who were initially in the market at the $120 price?

Question

Figure 7-4 
-Refer to Figure 7-4.If the market equilibrium price falls from $120 to $80,how much is the increase in consumer surplus to the consumers who were initially in the market at the $120 price?

Quizplus · Accepted Answer

The Answer of Figure 7-4 
-Refer to Figure 7-4.If the market equilibrium price falls from $120 to $80,how much is the increase in consumer surplus to the consumers who were initially in the market at the $120 price?

Figure 7-4 -Refer to Figure 7-4.If the Market Equilibrium Price Falls from Price