When demand is estimated to be p = 50 – 0.5q, calculate the loss in consumer surplus when a tax drives price from £1 to £5.
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MATHEMATICAL ECONOMICS
Here are a selection of some past maths questions that have come up in Oxbridge interviews for Economics-related subjects. If you want more of these, you should contact me to book in for a mock interview that focusses specifically on mathematical economics. Contact me using this form here.