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    Exam 5: Some Applications of Consumer Demand, and Welfare Analysis
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    Jeffrey Bafilo's Demand Function for Economics Textbooks Is Q =
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Jeffrey Bafilo's Demand Function for Economics Textbooks Is Q =

Question 25

Question 25

Multiple Choice

Jeffrey Bafilo's demand function for economics textbooks is Q = 1,001 - 10p. At a market price of $100 per book, what is Jeffrey's consumer surplus?


A) $100
B) $0.10
C) $0.05

Correct Answer:

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