What is the consumer surplus enjoyed by the high demand

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Reference no: EM13192717

Suppose there are two groups of consumers, with inverse demand curves given by:

P=24-2Q for high demand
P=18-2Q for low demand

Please design two packages for the second-degree price discrimination case so that the first package has quantity 8 for the high demand and the second one has quantity 6 for the lower demand such that the low demand group has consumer surplus at least $5. What is the consumer surplus enjoyed by the high demand group?

Reference no: EM13192717

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