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:

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