Mathematics · Consumer Surplus
Given the inverse demand curve p = 14√q, what is the consumer's surplus when price p = 0.05?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The consumer's surplus is 25 when p = 0.05
- 2The consumer's surplus is 125 when p = 0.05
- 3The consumer's surplus is 4.25 when p = 0.05
- 4The consumer's surplus is 1.25 when p = 0.05✓
Correct answer
The consumer's surplus is 1.25 when p = 0.05
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