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9. (15 points) The demand and supply curves for a particular item as are follows QD = 16 - 2P Qs = 5P + 5

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9. (15 points) The demand and supply curves for a particular item as are follows QD = 16 - 2P Qs = 5P + 5 Where Qo is the quantity demanded, Is is the quantity supplied, P is the price. a. What is the equilibrium quantity? b. What is the equilibrium price? c. Calculate the consumer surplus. d. Calculate the producer surplus

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