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5. The demand and supply curves of an unknown product is as follows: Demand: Pm 10,000 -~ 3Q Supply: P2 100 + lSQ i) What

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5. The demand and supply curves of an unknown product is as follows: Demand: Pm 10,000 -~ 3Q Supply: P2 100 + lSQ i) What is the equilibrium price and quantity? ii) Calculate the consumer surplus and producer surplus in each of the following scenarios: a. No Government intervention b. A quota of 300 units 0. A price oor of $9100 (1. A price ceiling of $7000

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