Suppose That a Consumer's Demand Curve for a Good Can $P = 50 - 4 Q ^ { d }$

question 35

Multiple Choice

Suppose that a consumer's demand curve for a good can be expressed as $P = 50 - 4 Q ^ { d }$ . Suppose that the market is initially in equilibrium at a price of $10. What is the consumer surplus at the original equilibrium price?

• A)100
• B)150
• C)200
• D)250.

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Definitions:

Irreversible

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Piaget

A Swiss psychologist known for his pioneering work in child development, specifically his theory of cognitive development that describes how children's intellectual abilities evolve through four stages.

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