Solved: A movie theater has been charging $7.50 per person and selling about 400 tickets
Chapter 8, Problem 8.4.10(choose chapter or problem)
A movie theater has been charging $7.50 per person and selling about 400 tickets on a typical weeknight. After surveying their customers, the theater estimates that for every 50 cents that they lower the price, the number of moviegoers will increase by 35 per night. Find the demand function and calculate the consumer surplus when the tickets are priced at $6.00.
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