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How much is consumer and producer surplus
Course:- Microeconomics
Reference No.:- EM13700109





Assignment Help >> Microeconomics

The daily demand and supply of fish in Fire Island, NY is described by the following equations:

Demand: Price Demand =2

Supply: Quantity supplied = 5

a) What is the market price of fish in Fire Island?

b) How much is consumer and producer surplus?




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