What is change in producer surplus if an increase in demand

Reference no: EM13221696

Suppose that P = $150 and Q = 1500 in an industry that has Demand and Supply functions of P = 210 - 0.04Q and P = 60 + 0.06Q. What is the change in producer surplus if an increase in Demand increases equilibrium P to $180 and equilibrium Q to 2000?

Reference no: EM13221696

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