Question - consumers surplussir plus has a demand function, Ask an Expert

Economics

Question - Consumer's surplus

Sir Plus has a demand function for mead that is If the price of mead is given by the D(p) = 100 - p. If the price of mead is 75, how much is Sir Plus's net consumer's surplus?

(a) 312.50

(b) 25

(d) 156.25

(e) 6,000

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93118702

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