Answer to Question #344025 in Microeconomics for Justy

Question #344025

demand function is Qd=100-2p and supply function is Qs=-60+3p

calculate consumer surplus and producer surplus

Expert's answer

"Q_d=Q_s,"

"100-2P=-60+3P,"

"5P=160,"

"P=32,"

"Q_d=Q_s=36."

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