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Given the demand function asQ=100-P 0.6 and supply function as Q=10+P 0.6 .Make sure youmake price the subject of the formula before you calculate equilibrium

Given the demand function asQ=100-P0.6and supply function as Q=10+P0.6.Make sure youmake price the subject of the formula before you calculate equilibrium price and equilibrium quantity

  1. Use integration to calculate consumer surplus at equilibrium
  2. Use integration to calculate producer surplus at equilibrium

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