Scenario 7-2
Suppose market demand and market supply are given by the equations:
-Refer to Scenario 7-2. Suppose a reduction in input prices shifts the market supply curve to
By how much does total consumer surplus increase for those consumers who were already willing to purchase the good with the original supply curve?

Question

Scenario 7-2
Suppose market demand and market supply are given by the equations: 
-Refer to Scenario 7-2. Suppose a reduction in input prices shifts the market supply curve to  
By how much does total consumer surplus increase for those consumers who were already willing to purchase the good with the original supply curve?

Quizplus · Accepted Answer

The Answer of Scenario 7-2
Suppose market demand and market supply are given by the equations: 
-Refer to Scenario 7-2. Suppose a reduction in input prices shifts the market supply curve to  
By how much does total consumer surplus increase for those consumers who were already willing to purchase the good with the original supply curve?

Scenario 7-2 Suppose Market Demand and Market Supply Are Given by the by the Equations