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Question Question How do I calculate consumer and producer surplus? I’m given the following functions: Demand : P = 300-1.5Q Supply : P = 20 + 2q I found the competitive market equilibrium is 180 I’m given the following functions: Demand : P = 300-1.5Q Supply : P = 20 + 2q I found the competitive market equilibrium is 180

/in /by

Question

How do I calculate consumer and producer surplus?I’m given the following functions:Demand : P =

300-1.5Q

Supply : P = 20 + 2q

I found the competitive market equilibrium is 180

 
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