Cindy's demand function for ice cream is Q = 5 – 2P. Draco's demand function for ice cream is Q = 8 – 2. P. By how much does the consumer surplus decrease when the price raises from $2 to $3.2? Round...

Cindy's demand function for ice cream is Q = 5 – 2P. Draco's demand function for ice cream is<br>Q = 8 – 2. P. By how much does the consumer surplus decrease when the price raises from $2 to $3.2?<br>Round your answer to 2 decimal points.<br>Answer:<br>3.12<br>The correct answer is: 3.61<br>

Extracted text: Cindy's demand function for ice cream is Q = 5 – 2P. Draco's demand function for ice cream is Q = 8 – 2. P. By how much does the consumer surplus decrease when the price raises from $2 to $3.2? Round your answer to 2 decimal points. Answer: 3.12 The correct answer is: 3.61

Jun 08, 2022

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Cindy's demand function for ice cream is Q = 5 – 2P. Draco's demand function for ice cream is Q = 8 – 2. P. By how much does the consumer surplus decrease when the price raises from $2 to $3.2? Round...

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