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For the following demand and supply equations, what is consumer surplus, producer surplus, and economic surplus? P=10-0.2Qd P=2+0.2 Qs Multiple Choice Consumer surplus is
For the following demand and supply equations, what is consumer surplus, producer surplus, and economic surplus? P=10-0.2Qd P=2+0.2 Qs Multiple Choice Consumer surplus is $200, producer surplus is $200, economic surplus is $400 Consumer surplus is $400. producer surplus is $400, economic surplus is $800 Consumer surplus is $400, but producer surplus is undefined. Consumer surplus is $800, producer surplus is $800, economic surplus is $1600
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