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What is the value of consumer surplus

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Consider a free market with demand equal to Q = 1,200 - 10P and supply equal to Q = 20P

What is the value of consumer surplus? What is the value of producer surplus?

Reference no: EM131211929

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What is the value of consumer surplus : Consider a free market with demand equal to Q = 1,200 - 10P and supply equal to Q = 20P. What is the value of consumer surplus? What is the value of producer surplus?
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