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28 Dec 2017
The demand equation for a product is given by p= " +6 (in dollars), and the supply equation is q=4(p-1) (in dollars), with the equilibrium point (90; P.)=(8,9). Calculate consumers' surplus (CS) and producers' surplus (PS) under market equilibrium. Round your answer to two decimals.
The demand equation for a product is given by p= " +6 (in dollars), and the supply equation is q=4(p-1) (in dollars), with the equilibrium point (90; P.)=(8,9). Calculate consumers' surplus (CS) and producers' surplus (PS) under market equilibrium. Round your answer to two decimals.
teacherrecoLv10
18 Apr 2022
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Tod ThielLv2
30 Dec 2017
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