Suppose the Market Demand Function in a Certain Market Where

Multiple Choice

Suppose the market demand function in a certain market where Q is measured in thousands of units is Q^d = 20 - 2.5P,and the market supply function is Q^s = 2.5P - 7.5.How much deadweight loss would there be in this market if the quantity bought and sold was 5,000 units?

A) $0.63
B) $62.50
C) $625
D) $6,250