- Save & Exit Certify Lesson: 3.5 Demand, Supply, and Efficiency
Question 1 of 10, Step 1 of 1
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Answer
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Suppose $100 is the equilibrium price in the bicycle market. The equilibrium quantity is 78 bicycles. If the price equals $150, there is no
market demand.
Determine consumer surplus. Enter the exact value. Do not round:
Key
Keyboard Sha
