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Market Demand Is Given as QD = 150 - 0

Question 47

Multiple Choice

Market demand is given as QD = 150 - 0.5P.Market supply is given as QS = 2P.In a perfectly competitive equilibrium,what will be the value of producer surplus


A) $3600
B) $4800
C) $ 5100
D) $7200

Correct Answer:

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