Consider the demand for Internet service in the United States. Assume that the demand curve is linear, the monthly price is $40, and the equilibrium number of consumers is 50 million. For the average...

Consider the demand for Internet service in the United States. Assume that the demand curve is linear, the monthly price is $40, and the equilibrium number of consumers is 50 million. For the average consumer, show willingness to pay and the consumer surplus.



May 26, 2022
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