Multiple Choice
Sir Plus has a demand function for mead that is given by the equation D(p) = 100 - p.If the price of mead is $95, how much is Sir Plus's net consumer's surplus?
A) 12.50
B) 6.25
C) 25
D) 5
E) 9,500
Correct Answer:
Verified
Correct Answer:
Verified
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