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Suppose the market supply for good X is given by Q X S = -100 + 5P X . If the equilibrium price of X
Suppose the market supply for good X is given by QXS = -100 + 5PX. If the equilibrium price of X is $100 per unit then producers' revenue from X is:
Multiple Choice:
- $100.
- $20,000.
- $40,000.
- cannot be determined from the information contained in the question.
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