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Suppose the Demand for Raspberry Frozen Yogurt Can Be Represented

Question 45

Multiple Choice

Suppose the demand for raspberry frozen yogurt can be represented by the equation QD = 5 - 2P,and the supply is given by the equation QS = 3P.Which of the following is the best estimate of the consumer surplus in this market?


A) $2
B) $1.25
C) $2.25
D) $3.75

Correct Answer:

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