QUESTION 13 Demand function: $Q_d = 90 - 0.7P$ Using the given Demand function, solve for Consumer Surplus when the Price is $100.
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Substitute P = $100 into the demand function Qd = 90 - 0.7P: Qd = 90 - 0.7(100) Qd = 90 - 70 Qd = 20 Show more…
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