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1. Here is the demand for coconuts: P: 3456789111316 20 QD:11001000900800700600500400300200 100 And here is supply for coconuts P:1234 56789101112 QS:10020030040050060070080090010001100 1200 Identify the equilibrium
1. Here is the demand for coconuts:
P: 3456789111316 20
QD:11001000900800700600500400300200 100
And here is supply for coconuts
P:1234 56789101112
QS:10020030040050060070080090010001100 1200
Identify the equilibrium price, quantity, consumer and producer surplus and show them on a graph.
Find the numbers for consumer and producer surplus.
Calculate it like it's a bunch of rectangles.Don't do the triangle thing that they do in the videos.Also, when doing this keep in mind that the width of these rectangles will not be 1 so be careful.
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