Multiple Choice
Suppose Ada's inverse demand for good x is given by: p = 10 - x. If the price increases from $3 to
$2, the change in consumer surplus is:
A) 7.5.
B) 2.5.
C) 10.
D) 5.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q53: CV, EV and the change in consumer's
Q54: The cost of living adjustments (COLA)are featured
Q55: Suppose a good is underpriced, and a
Q56: The compensated budget line represents:<br>A)the change in
Q57: If the Laspeyres quantity index exceeds 1,
Q59: The full price of a good includes:<br>A)the
Q60: The percentage change in consumer price index
Q61: The fewest and the most suicides happen
Q62: If the compensated demand curve for peanuts
Q63: Joanne sleeps exactly 8 hours per day,