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Homework answers / question archive / A town wants to repair its swimming pool
A town wants to repair its swimming pool. The annual demand from each of its 5,000 citizens in terms of uses is q = 15 - 3p, where p is the price (in dollars) charged for using the pool. Suppose that the price of admission is $2. How much consumer surplus does this pricing strategy generate?
A. a consumer surplus of $15.5 per customer
B. a consumer surplus of $65 per customer
C. a consumer surplus of $13.5 per customer
D. a consumer surplus of $37 per customer
E. none of the above
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