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The demand equation for a product is given by (p+10%(q +20) = 1000 (in dollars), and the supply equation is 4-4p+10 = 0 (in dollars). b) Calculate consumers' surplus (CS) under market equilibrium.
The demand equation for a product is given by (p+10%(q +20) = 1000 (in dollars), and the supply equation is 4-4p+10 = 0 (in dollars). b) Calculate consumers' surplus (CS) under market equilibrium.
papayaprofessorLv10
12 Oct 2022
Beverley SmithLv2
26 Sep 2018
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