2. Economics
3. demand for water bottles is given by q 10000...

# Question: demand for water bottles is given by q 10000...

###### Question details

Demand for water bottles is given by Q = 10,000 – 500 P. If the initial price is $7 per bottle, and a policy change increases that price to$10, how much does consumer surplus change? Is this an increase or decrease in consumer surplus? Will EV and CV be more or less than this change in consumer surplus?