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If the market price is 800, what is consumer surplus

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Suppose that the market demand curve is P=1000-0.08Q and the market supply curve for some industry is P=0.02Q+100.

17. If the market price is 800, what is consumer surplus?

18. If the market price is 200, what is producer surplus?

19. If the market price is 200, what is consumer surplus?

Reference no: EM13335394

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