Question

If the demand function for an article is p=35-2x-x^2, and demand X is 3 then what is the consumer surplus?

Answer 1

Answer:

Given the demand function , price is at quantity . If the consumer pays per unit price of for units, then consumer surplus is the area below the demand curve above the price line . It is the area of the region colored green in the graph below. Therefore, consumer surplus = .