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What is the consumer surplus at a price

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Reference no: EM132503704

Consumer demand for tulips is given by P=20-3Q, where P is the price of a single tulip and Q is the quantity of tulips.

(a) What quantity of tulips are demanded at a price of $2 per tulip?

(b) What is the Consumer Surplus at a price of $2 per tulip?

Reference no: EM132503704

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