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Sir Plus Has a Demand Function for Mead That Is

Question 27

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) 25
B) 6.25
C) 5
D) 12.50
E) 9,500

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