The Demand Equation for a Certain Product Is P =

question 24

Multiple Choice

The demand equation for a certain product is p = 400 - 2q,where p is the price per unit (in dollars) for q units.If its supply equation is p = q + 100,then the consumers' surplus when market equilibrium is established is

• A) $9000.
• B) $9500.
• C) $10,000.
• D) $10,500.
• E) $11,000.

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