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How much consumer surplus do consumers receive

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Reference no: EM132891564

Question - Suppose that the demand for soda is given by the following equation: Qd =16 - 2P d where Q is the amount of soda that consumers want to buy.

Suppose the supply of soda is Qs = 2 + 5P where Qs is the amount of soda that producers will supply. How much consumer surplus do consumers receive soda price is $2 per can?

Reference no: EM132891564

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