The marketplace equilibrium price

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Q. Assume the subsequent values for Figures 5.4a also Figures 5.4b. Q1 = 20 bags. Q2 = 15 bags. Q3 = 27 bags. The marketplace equilibrium price is $45 every bag. The price at a is $85 every bag. The price at c is $5 every bag. The price at f is $59 every bag. The price at g is $31 every bag. Apply the formula for the area of a triangle (Area = ½ × Base × Height) to answer the subsequent questions. LO2

Illustrate what is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocative efficient output

Reference no: EM1320557

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