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4 Backspace MATHw45 Fall 2023 Project 2 3. Demand for a product at. a price of $13 per item is given by _ 100 5+8
4 Backspace MATHw45 Fall 2023 Project 2 3. Demand for a product at. a price of $13 per item is given by _ 100 5+8\" thousand items WP) and supply is given by 0 p 1 thousand items, 20 _ Include units in all your answers below. What is the shutdown price? At what price will consumers no longer purchase the product? What is the consumer surplus at a price of $3 per item? What is the consumer expenditure at a price of $3 per item? What is the producer revenue at a price of $3 per item? What. is the equilibrium price AND quantity? What. is the total social gain at equilibrium
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