Find the Consumer Surplus for the Pair of Demand and Supply

question 57

Multiple Choice

Find the consumer surplus for the pair of demand and supply equations below.

• A) $1,250,000
• B) $3,750,000
• C) $5,000,000
• D) $2,500,000
• E) $1,875,000

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Definitions:

Complement

A group of proteins in blood and other body fluids that are activated by an antigen–antibody complex and then destroy pathogens.

X-ray Diffraction

A technique for determining the spatial arrangement of the components of a crystal.

Amino Acids

Organic compounds that serve as the building blocks of proteins, essential for various bodily functions and processes.

Nucleotides

The basic structural unit and building block for DNA and RNA, consisting of a nitrogenous base, a sugar (ribose or deoxyribose), and one or more phosphate groups.