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Title: Assume the market price for lemon grass is $4.00 per pound, but most buyers are willing to pay more Post by: Tidy on Jun 20, 2015 Assume the market price for lemon grass is $4.00 per pound, but most buyers are willing to pay more than the market price. At the market price of $4.00, the quantity of lemon grass demanded is 1,500 pounds per month, and quantity demanded does not reach zero until the price reaches $30.00 per pound. Construct a graph showing this data, calculate the total consumer surplus in the market for lemon grass, and show the consumer surplus on the graph.
Title: Re: Assume the market price for lemon grass is $4.00 per pound, but most buyers are willing to pay m Post by: Sydnie on Aug 10, 2015 Content hidden
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