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The Market Price of a Good Is $5 and 40

Question 236

Multiple Choice

The market price of a good is $5 and 40 units of the good sell at this price. Its demand curve intersects the vertical axis at a price of $10 and has a constant slope. What is the approximate value of consumer surplus in this market?


A) $100
B) $50
C) $200
D) $75

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