Figure 7-10

-Refer to Figure 7-10. If the market equilibrium price falls from $120 to $80, how much consumer surplus do consumers entering the market after the price drop receive?

Question

Figure 7-10
  ​
-Refer to Figure 7-10. If the market equilibrium price falls from $120 to $80, how much consumer surplus do consumers entering the market after the price drop receive?

Quizplus · Accepted Answer

The Answer of Figure 7-10
  ​
-Refer to Figure 7-10. If the market equilibrium price falls from $120 to $80, how much consumer surplus do consumers entering the market after the price drop receive?

Figure 7-10 ​

Figure 7-10