Author Question: Sandy's uncompensated demand for candy is given by the equation Q = 15/p, where Q is the quantity of ... (Read 44 times)

Awilson837 · **on:** Jul 1, 2018

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.

Question 2

Suppose the market supply curve is p = 5 + Q. If price increases from 10 to 15, the change in producer surplus is

A) 12.5.
B) 5.
C) 50.
D) 37.5.