Current Attempt in Progress In May 1991 Car and Driver

Last updated: 10/6/2023

Current Attempt in Progress In May 1991 Car and Driver described a Jaguar that sold for 980 000 At that price only 50 have been sold It is estimated that 350 could have been sold if the price had been 560 000 Assuming that the demand curve is a straight line and that 560 000 and 350 are the equilibrium price and quantity find the consumer surplus at the equilibrium price dollars Consumer surplus i