Multiple Choice
Suppose that the demand curve for brown rice is given P= 50,000 - 3Q2, and supply is P = -10,000 + 3Q2. The consumer surplus at the equilibrium price is ____.
A) $1,000,000
B) $200,000
C) $100,000
D) $2,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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