Demand function and calculating loss of consumer surplus

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Reference no: EM1311994

Suppose you are in charge of a toll bridge that is essentially cost free. The demand for the bridge crossing is given by P = 12-2Q.

Draw the demand curve for bridge crossings.
How many people would cross the bridge if there were no toll?

What is the loss of consumer surplus associated with the charge of a toll of $4.00

Reference no: EM1311994

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