suppose demand is given by P-120-5Q if the price drops from 80 per unit to 60 what is the change in consumer surplus

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1. Answer:

   4

   Step-by-step explanation:

   p=120 -5Q

   when p = 80

   80 = 120 -5Q

   Q=8

   and when p= 60

   60 = 120 -5Q

   Q=12

   so, change in consumer surplus = 12-8

   = 4

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