MCQ Question For demand fuction P = 15 -2X = X what is consumer's surplus at X = 2 ? (Paper III) Choices RESPONSE CHOICE (4 11/3 a. b. 7/4 28/3 C. d. 6
Firstly, there is a printing mistake in the question. Actually the demand equation is :
P = 15 - 2X - X^2
Now we shall proceed as is the ideal procedure for calculating consumer'...