Albin has quasilinear preferences and he loves pretzels.His inverse demand function for pretzels is p(x)= 49 - 6x, where x is the number of pretzels that he consumes.He is currently consuming 8 pretzels at a price of $1 per pretzel.If the price of pretzels rises to $7 per pretzel, the change in Albin's consumer surplus is
A)-$90.
B)-$56.
C)-$42.
D)-$45.
E)-$42

Question

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The Answer of Albin has quasilinear preferences and he loves pretzels.His inverse demand function for pretzels is p(x)= 49 - 6x, where x is the number of pretzels that he consumes.He is currently consuming 8 pretzels at a price of $1 per pretzel.If the price of pretzels rises to $7 per pretzel, the change in Albin's consumer surplus is
A)-$90.
B)-$56.
C)-$42.
D)-$45.
E)-$42

Albin Has Quasilinear Preferences and He Loves Pretzels