Scenario 1 Suppose the domestic supply (QS) and demand (QD) for skateboards in the US is given by the following equations: QD = 500 – 2P QS = -270 + 3P Refer to Scenario 1. In the absence of international trade in skateboards, what will be consumer surplus in the skateboard market in the US? My question is how do you find consumer surplus
Scenario 1Suppose the domestic supply (QS) and demand
(QD) for skateboards in the US is given by the following equations:
QD = 500 – 2P
QS = -270 + 3P
Refer to Scenario 1. In the absence of international trade in skateboards, what will be consumer surplus in the skateboard market in the US?
My question is how do you find consumer surplus
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