Sir Plus has a demand function for mead that is given by the equation D(p) = 100 - p.If the price of mead is $95, how much is Sir Plus's net consumer's surplus?

A) 12.50
B) 6.25
C) 25
D) 5
E) 9,500

Demand Function

A mathematical representation that describes the relationship between the quantity demanded of a good and various factors that influence this quantity, such as price.

Consumer's Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Mead

An alcoholic beverage created by fermenting honey with water, sometimes with various fruits, spices, grains, or hops.