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15. Consider the following market demand and supply: Demand: P = 12 - 4Q d Supply: P = 7 + 2Q s If the market
15. Consider the following market demand and supply:
Demand: P = 12 - 4Qd
Supply: P = 7 + 2Qs
If the market is at equilibrium, what is the total economic surplus?
Note: Express your answer in units of dollars, to at least two digits after the decimal.
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