Market Demand Is Given as Q_D = 280 - 4P

question 162

Multiple Choice

Market demand is given as Q_D = 280 - 4P.Market supply is given as Q_S = 2P + 40.In a perfectly competitive equilibrium,what will be the value of consumer surplus

• A)$1125
• B)$1250
• C)$1800
• D)$3600

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