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Sir Plus Has a Demand Function for Mead That Is

Question 6

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 $60, how much is Sir Plus's net consumer's surplus?


A) $40
B) $800
C) $1,600
D) $400
E) $3,900

Correct Answer:

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