Sandy’s uncompensated demand for candy is given by the equation Q = 15
Sandy’s uncompensated demand for candy is given by the equation Q = 15/p, where Q is the quantity of candy and p is the price. When the price of candy rises from $1 to $3, the change in consumer surplus is
A) $16.5.
B) -$20.
C) -$15.
D) $15.
ANSWER
A
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.