Sir Plus Has a Demand Function for Mead That Is

question 11

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 $85, how much is Sir Plus's net consumer's surplus?

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

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