Sir Plus Has a Demand Function for Mead That Is

question 4

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

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