Question
Suppose demand and supply for services of surgeons in Australia each day are given below, where demand and supply are expressed in terms of number
Suppose demand and supply for services of surgeons in Australia each day are given below, where demand and supply are expressed in terms of number of services per day, and P = price per service Qd=2000−2P Qs=3P What area(s) comprise the consumer surplus after the implementation of the production quota? (select all relevant areas)
a) A
b) B
c) C
d) E
e) D
f) F
P = 500 Po = 400 333 P A B D F Squota I 1 Qi C E l = 1000 = 1200 S
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