A manufacture has been selling 1000 ceiling fans at $60 each. A market survey indicates that for every $10 that price is reduced, the number of sets sold will increase by 100. Find the demand function and calculate the consumer surplus when the selling price is set at $50.

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The Answer of A manufacture has been selling 1000 ceiling fans at $60 each. A market survey indicates that for every $10 that price is reduced, the number of sets sold will increase by 100. Find the demand function and calculate the consumer surplus when the selling price is set at $50.

A Manufacture Has Been Selling 1000 Ceiling Fans at $60