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Given the following functions for supply and demand.(5 points) Mathematically calculate the areas that make up the net change in CS, the net change in
- Given the following functions for supply and demand.(5 points)
- Mathematically calculate the areas that make up the net change in CS, the net change in PS, and the DWL. (I would recommend making a graph and showing your work completely so I can fine any mistakes if made)
Qd = -4P + 120 Qs = 4P + 60 Pf = 10
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