If inverse market demand is given by P = 5-Q and inverse market supply is given by P = 3+Q where P is the market price and Q is the market quantity, what is the total willingness to pay by consumers in this market?

a) 5

b) 3.5

c) 4

d) 4.5

e) 1

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# If Inverse Market Demand Is Given By P 5 Q And Inverse Market Supply Is Given By

If inverse market demand is given by P = 5-Q and inverse market supply is given by P = 3+Q where P is the market price and Q is the market quantity, what is the total willingness to pay by consumers in this market?

a) 5

b) 3.5

c) 4

d) 4.5

e) 1