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Find the Consumer Surplus and Producer Surplus p=1000.03xp = 100 - 0.03 x

Question 32

Multiple Choice

Find the consumer surplus and producer surplus.
Demand p=1000.03xp = 100 - 0.03 x
Supply p=35+0.1xp = 35 + 0.1 x


A) Consumer surplus: $3,750Producer surplus: $12,800
B) Consumer surplus: $3,750Producer surplus: $12,500
C) Consumer surplus: $3,750Producer surplus: $12,600
D) Consumer surplus: $3,750Producer surplus: $12,900
E) Consumer surplus: $3,750Producer surplus: $12,700

Correct Answer:

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