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Consider a Market With Qd=2406P and Qs=2PQ ^ { d } = 240 - 6 P \text { and } Q ^ { s } = 2 P

Question 32

Multiple Choice

Consider a market with Qd=2406P and Qs=2PQ ^ { d } = 240 - 6 P \text { and } Q ^ { s } = 2 P .What is the consumer surplus in this market?


A) 1,000
B) 300
C) 750
D) 500

Correct Answer:

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