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1. If the demand and supply functions of a good are known, the following equation shows: P12Q+30=0 and PQ2+200=75 determine a. Market Equilibrium (KP) b.

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1. If the demand and supply functions of a good are known, the following equation shows: P12Q+30=0 and PQ2+200=75 determine a. Market Equilibrium (KP) b. Consumer surplus and producer surplus c. Draw the graph

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