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Consumer surplus in the skateboard market

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Reference no: EM131372685

Scenario 1: Suppose the domestic supply (QS) and demand (QD) for skateboards in the US is given by the following equations:

QD = 500 - 2P

QS = -270 + 3P

Refer to Scenario 1. In the absence of international trade in skateboards, what will be consumer surplus in the skateboard market in the US?

Reference no: EM131372685

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