The demand function for a commodity is , then the consumer's surplus at equilibrium price will be:
The demand function for a commodity is , then the consumer's surplus at equilibrium price will be:
Solution
✅ Correct Option: 2
Setting gives , so .
Consumer surplus .
Related questions:
2023: 11 Aug Shift 1
2023: 11 Aug Shift 1
2023: 11 Aug Shift 1