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

question 86

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. Now suppose that the price rises to $14. What is the change in consumer surplus?

• A)An increase of 38
• B)A decrease of 38
• C)A decrease of 42
• D)A decrease of 36

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