The movie theater has been charging per person and selling about
tickets.
Lower price by , tickets increase by
.
Find the equation of this linear demand function.
\Point-slope form of a line equation .
.
Find the number of tickets sold at .
Find the consumer surplus for the fallowing demand curve at the sales level .
The consumer surplus region is the triangle shape
\.
The integral is
.
The consumer surplus when the tickets are priced at is
.
Demand function is .
The consumer surplus when the tickets are priced at is
.