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22. Suppose market demand and supply are given by Q = 100-2P and Q = 5 + 3P. The equilibrium price a) $15. b)
22. Suppose market demand and supply are given by Q = 100-2P and Q = 5 + 3P. The equilibrium price a) $15. b) $19. c) $17. d) $20. 23. Suppose market demand and supply are given by Qd = 100 - 2P then what is consumer surplus when price = 10 a) 100 b) 450 c) 900 d) 10 e) None of the above
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