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Question 16 Correct Mark'l.00 out of1.00 v Flag question (2021 Summer Midterm) There are two groups of consumers, A and B, with the following demand
Question 16 Correct Mark'l.00 out of1.00 \\v Flag question (2021 Summer Midterm) There are two groups of consumers, A and B, with the following demand relations, respectively: Demand A: P = 160 QA Demand B: P = 80 QB The market supply is P = 0.30 Given this information, we can compute that the market equilibrium price is [Answer]. (In decimal numbers, with two decimal places, please.) - Correct Marks for this submission: 1 .00/1.00. Question 17 Not complete Marked out of 1 .00 \\v Flag question Continue with the last question. The total consumer surplus at the equilibrium is [Answer]. (In decimal numbers, with two decimal places, please.)
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