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Scenario 7-1
Suppose Market Demand Is Given by the Equation QD=40−2PQ ^ { D } = 40 - 2 P

Question 187

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Scenario 7-1
Suppose market demand is given by the equation
QD=40−2PQ ^ { D } = 40 - 2 P
-Refer to Scenario 7-1. If the market equilibrium price rises from $10 to $15, what is the change in total consumer surplus in the market?

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