Sir Plus Has a Demand Function for Mead That Is

question 12

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 $95, how much is Sir Plus's net consumer's surplus?

• A)12.50
• B)6.25
• C)25
• D)5
• E)9,500

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Definitions:

Respiratory Bronchiolitis

An inflammatory injury to the small airways in the lungs often associated with tobacco smoking.

Interstitial Lung Disease

A group of lung conditions affecting the interstitium, leading to scarring and stiffness in the lung tissue.

Mucopurulent Chronic Bronchitis

A long-term inflammation of the bronchial tubes in the lungs, characterized by coughing with mucus and pus production.

Tobacco User

An individual who regularly uses tobacco products, which can include smoking cigarettes, cigars, or using smokeless tobacco.