30 Apr Question: . The supply function in the market for LA Lakers tickets is Q = P 10 and the inverse demand func…
. The supply function in the market for LA Lakers tickets is Q = P 10 and the inverse demand
function is P = 40 2Q. Ticket sellers are having a hard time selling LA Lakers tickets so the
California government steps in to subsidize ticket sales by 6 dollars per ticket. What is the resulting
consumer surplus?
(a) 72
(b) 100
(c) 144
(d) 50
Anser: C,144
Cloud you please explan with working steps and graph please?
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