Market demand is given as QD = 60 - 3P.Market supply is given as QS = 3P.In a perfectly competitive equilibrium,what will be the value of consumer surplus
A) $10
B) $50
C) $75
D) $150
Correct Answer:
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Q165: Market demand is given as QD =
Q166: What is market failure
A)the inability of buyers
Q167: Market demand is given as QD =
Q168: Market demand is given as QD =
Q169: Market demand is given as QD =
Q171: Market demand is given as QD =
Q172: Market demand is given as QD =
Q173: What are externalities
A)side effects passed on to
Q174: When markets fail,what can public policy do
A)nothing
Q175: Market demand is given as QD =
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