Sir Plus Has a Demand Function for Mead That Is

question 19

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 $60, how much is Sir Plus's net consumer's surplus?

• A)$40
• B)$800
• C)$1,600
• D)$400
• E)$3,900

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Definitions:

Lower Leg Orthotic

A supportive device worn on the lower leg to aid in mobility, support weak muscles, or correct deformities.

Physical Capabilities

The extent of a person's physical strength, endurance, flexibility, and overall ability to perform activities or tasks.

Sensory Acuity

The ability of the sensory systems to accurately detect and process stimuli.

Analogy

A comparison between two things that are similar in some respects, often used to explain or clarify a concept or a process.