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Post-Quiz Assume that the demand curve D(p) given below is the market demand for widgets: Q = D(p) = 1628 - 16p, p > 0
Post-Quiz Assume that the demand curve D(p) given below is the market demand for widgets: Q = D(p) = 1628 - 16p, p > 0 Let the market supply of widgets be given by: Q = S(p) = -4+8p, p>0 where p is the price and Q is the quantity. The functions D(p) and S(p) give the number of widgets demanded and supplied at a given price. Q: What is the equilibrium price? Answer Please round your answer to the nearest hundredth. Save your answer What is the equilibrium quantity? Answer . Please round your answer to the nearest integer. Save your answer Q: What is the consumer surplus at equilibrium? Answer Please round the intercept to the nearest tenth and round your answer to the nearest integer. Save your answer Q: What is the producer surplus at equilibrium? Answer Please round the intercept to the nearest tenth and round your answer to the nearest integer. Save your answer Q: What is the unmet demand at equilibrium? Answer .SWAMme Please round your answer to the nearest integer. Save your
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