Scenario 7-2
Suppose market demand and market supply are given by the equations:

Q D = 40 - P
Q S = P - 4
-Refer to Scenario 7-2. Suppose a reduction in input prices shifts the market supply curve to
$$Q ^ { S } = P$$ By how much does total consumer surplus increase as a result of this supply shift?

Question

Scenario 7-2
Suppose market demand and market supply are given by the equations:
​
Q D = 40 - P
Q S = P - 4
-Refer to Scenario 7-2. Suppose a reduction in input prices shifts the market supply curve to
 $$Q ^ { S } = P$$ By how much does total consumer surplus increase as a result of this supply shift?

Quizplus · Accepted Answer

The Answer of Scenario 7-2
Suppose market demand and market supply are given by the equations:
​
Q D = 40 - P
Q S = P - 4
-Refer to Scenario 7-2. Suppose a reduction in input prices shifts the market supply curve to
 $$Q ^ { S } = P$$ By how much does total consumer surplus increase as a result of this supply shift?

Scenario 7-2 Suppose Market Demand and Market Supply Are Given QS=PQ ^ { S } = PQS=P

Scenario 7-2
Suppose Market Demand and Market Supply Are Given $Q ^ { S } = P$