Suppose Demand for a Good Is Q_D = 100 -

question 41

Multiple Choice

Suppose demand for a good is Q_D = 100 - P and supply is Q_S = -20 + P.Suppose that a nationwide quota (of 20) is enforced so that more can be used in a war effort.What is the consumer surplus?

• A) 200
• B) 400
• C) 600
• D) 800

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