Graph, Microeconomics

americana is a small country that produces and consumes jelly beans. The world price of jelly beans is $1 per bag, americana''s demand and supply for jelly beans are governed by the following equations. Demand: Qd = 8-p and supply= Qs = P. Calculate the equilibrium price and quantity, consumer surplus, producer surplus, and total surplus.
Posted Date: 4/7/2015 2:30:42 PM | Location : United States

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