Question
Suppose that the demand curve is given by $D(p)=10-p$. What is the gross benefit from consuming 6 units of the good?
Step 1
We have the demand curve D(p) = 10 - p. We want to find the price p when D(p) = 6. 6 = 10 - p p = 10 - 6 p = 4 Show more…
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