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:

Power

The ability or capacity to direct or influence the behavior of others or the course of events.

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An aversion or hostility towards homosexual people, often manifesting in discriminatory behaviors or beliefs.

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The process through which individuals learn the gender roles expected by society.

Traditional Expectations

The established norms and roles that individuals are anticipated to conform to by virtue of their cultural, social, or family positioning.