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Suppose Demand for a Good Is QD = 100 -

Question 16

Multiple Choice

Suppose demand for a good is QD = 100 - P and supply is QS = -20 + P.Suppose that a nationwide quota (of 20) is enforced so that more can be used in a war effort.What is the consumer surplus?


A) 200
B) 400
C) 600
D) 800

Correct Answer:

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