What is the equilibrium quantity

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Reference no: EM131031326

Suppose you are given the following supply and demand tables:

Demand

Supply

P

Q

P

Q

$0

25

$0

  0

 10

20

 10

  0

 20

15

 20

  5

 30

10

 30

10

 40

 5

 40

15

 50

 0

 50

20

a)     Assuming no externalities, what is the equilibrium quantity?

b)    If the product above creates external benefits for consumers of $10 per unit, what would be the optimal quantity exchanged?

Reference no: EM131031326

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