In Problem 1, Sir Plus Has a Demand Function for Mead

question 21

Multiple Choice

In Problem 1, Sir Plus has a demand function for mead that is given by the equation D(p) = 100 - p. If the price of mead is $85, how much is Sir Plus's net consumer's surplus?

• A) 112.50
• B) 15
• C) 225
• D) 56.25
• E) 7,650