pyrkest4979 pyrkest4979

06-06-2023
Business

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The demand curve for a certain good is given by equation P=8-Q, and the weekly supply of the good is given by the equation P=2+Q, where Q is measured in thousands. a. Calculate the equilibrium quantity. b. Calculate the equilibrium price. c. Calculate the consumer surplus. d. Calculate the supplier surplus. e. Calculate the social total surplus.

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