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Market Demand Is Given as QD = 150 - P

Question 161

Multiple Choice
Market demand is given as Q<sub>D </sub>= 150 - P.Market supply is given as Q<sub>S </sub>= 4P.In a perfectly competitive equilibrium,what will be the value of consumer surplus

Market demand is given as QD = 150 - P.Market supply is given as QS = 4P.In a perfectly competitive equilibrium,what will be the value of consumer surplus


A) $1800
B) $2304
C) $7200
D) $9216

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