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What is equilibrium quantity

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Reference no: EM132244150

The supply of jute is described as P = 0.75 Q + 30, while the demand for jute is P = 190 - 0.25 Q.

  • What is equilibrium quantity?
  • What is price at the equilibrium quantity?
  • What is the consumer surplus at equilibrium?
  • What is producer surplus at equilibrium?

Reference no: EM132244150

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