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Question

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. How much revenue would the government collect with an admission price of $2 admission for using the pool. How much consumer surplus does this pricing strategy generate?

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Revenue= $90,000... View the full answer

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