Find the Consumer Surplus and Producer Surplus $p = 100 - 0.03 x$

question 32

Multiple Choice

Find the consumer surplus and producer surplus.
Demand $p = 100 - 0.03 x$
Supply $p = 35 + 0.1 x$

• A)Consumer surplus: $3,750Producer surplus: $12,800
• B)Consumer surplus: $3,750Producer surplus: $12,500
• C)Consumer surplus: $3,750Producer surplus: $12,600
• D)Consumer surplus: $3,750Producer surplus: $12,900
• E)Consumer surplus: $3,750Producer surplus: $12,700

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