The Average Quantity of Sculptures That Consumers Will Demand Can

question 50

Multiple Choice

The average quantity of sculptures that consumers will demand can be modeled as and the average quantity that producers will supply can be modeled as where the market price is p hundred dollars per sculpture. Determine the total social gain when sculptures are sold at the equilibrium price. Round your answer to the nearest dollar.

• A) $295,907
• B) $132,272
• C) $182,553
• D) $264,371
• E) $700,605

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