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Homework answers / question archive / Joe's demand for spring water can be represented as Q=15−p (where p is measured in $/gallon and Q is measured in gallons)

Joe's demand for spring water can be represented as Q=15−p (where p is measured in $/gallon and Q is measured in gallons)

Economics

Joe's demand for spring water can be represented as Q=15−p (where p is measured in $/gallon and Q is measured in gallons). He recently discovered a spring where water can be obtained free of charge. What is his consumer surplus from this water?

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