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What is justin consumer surplus

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Reference no: EM132649106

1. Justin's inverse demand for a good is given by =50.00-3.00 p=50.00-3.00q. Assuming that there are enough suppliers to meet his demand, what is his gross consumer surplus if the per-unit price is =3.50 p=3.50?

2. What is Justin's consumer's surplus?

Reference no: EM132649106

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