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Suppose That a Consumer's Demand Curve for a Good Can P=504QdP = 50 - 4 Q ^ { d }

Question 86

Multiple Choice

Suppose that a consumer's demand curve for a good can be expressed as P=504QdP = 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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