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Given the demand function asQd=10-P 0.5 and supply function as Qs=-5+P 0.5 . Which one is the producer surplus at equilibrium? Make sure youmake price
Given the demand function asQd=10-P0.5and supply function as Qs=-5+P0.5. Which one is the producer surplus at equilibrium? Make sure youmake price the subject of the formula before you calculate equilibrium price and equilibrium quantity. Use integration to answer this question.
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