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Please specify the answer by adding if ita unit/ dollar/ or unit per dollar 023-Jamal ukJOama Question 7 of 20 This test: 20 point(s) possible
Please specify the answer by adding if ita unit/ dollar/ or unit per dollar
ukJOama Question 7 of 20 This test: 20 point(s) possible This question: 1 point(s) possible Submit test A price ceiling is given along with demand and supply functions, where D(x) is the price, in dollars per unit, that consumers will pay for x units, and S(x) is the price, in dollars per unit, at which producers will sell x units. Find (a) the equilibrium point, (b) the point (xc,pc) , (c) the new consumer surplus, (d) the new producer surplus, and (e) the deadweight loss. D(x) = 161 -x, o.8x, pc = $55
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