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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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