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Answer to Question #306086 in Microeconomics for Shii
Question #306086
The demand fuction p=4500-15Q2 and the supply function p=5Q2+2500. Determine the consumer and producer surplus
Expert's answer
"p=4500-15q^2,"
"p=5q^2+2500,"
"20q^2=2000,"
"q=10,"
"p=3000."
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