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Economic surplus at the market equilibrium points

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Suppose-in a perfectly competitive market-that we consider the daily market for ice-cream sandwiches in the neighborhoods surrounding Crony Capitalism Junior University in the town of Old Stick... *Supply: Qs (P) = 500 + 8P *Demand: Qd (P) = 3300 - 2P *Market Equilibrium: Qd (P) = Qs (P) - Calculate producer surplus, consumer surplus, and economic surplus at the market equilibrium points?

Reference no: EM132414878

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