Suppose an Individual Demand Curve Is Given by P =

question 34

Multiple Choice

Suppose an individual demand curve is given by P = 100 - 5Q, where P is the price of smoothies and Q is the quantity she consumes. Assuming her income per week is $1,000 and the current price of smoothies is $5 each, by how much will her consumer surplus decline if the price of smoothies increased to $10 each?

• A)$92.5
• B)$810
• C)$950
• D)$25

---

Definitions:

Allyl Anion

A negatively charged ion (an anion) consisting of a propene molecule missing one of its hydrogen atoms, known for its reactivity in organic synthesis.

Carbon p Orbitals

The set of three mutually perpendicular orbitals (px, py, pz) in a carbon atom that are involved in bonding through the overlap with orbitals from other atoms.

Chi-square

A statistical test used to determine if a significant relationship exists between variables in a contingency table.

Commonwealth

A political association of countries, mostly former territories of the British Empire, that supports each other and works together towards shared goals in democracy and development.