What is the equilibrium quantity

Reference no: EM131031326

Suppose you are given the following supply and demand tables:

Demand	Supply
P	Q	P	Q
$0	25	$0	0
10	20	10	0
20	15	20	5
30	10	30	10
40	5	40	15
50	0	50	20

a) Assuming no externalities, what is the equilibrium quantity?

b) If the product above creates external benefits for consumers of $10 per unit, what would be the optimal quantity exchanged?

Reference no: EM131031326

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