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If the Demand Function for a Certain Commodity Is p(x)=4x30p ( x ) = 4 - \frac { x } { 30 }

Question 85

Multiple Choice

If the demand function for a certain commodity is p(x) =4x30p ( x ) = 4 - \frac { x } { 30 } and the consumer surplus is 15, what should be the sale price?


A) 1
B) 4
C) 1.5
D) 2.5
E) 3.3
F) 6
G) 2
H) 3

Correct Answer:

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