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Computing Consumer Behaviour with a Demand Function

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Suppose consumers' demand function a commodity D(q)=50-3q-q2 dollars per unit.

A. Find the number of units that will be bought if the market price is $32 per unit.

B. Compute the consumers' willingness to spend to get the number of units in part (a).

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This posting contains the solution and step-by-step procedures to compute consumer behavior with a demand function.

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