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Show how you arrive at your answers. Write legibly. Presentation counts! Suppose the market for eggs in Nagog Village can be described by the following

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Show how you arrive at your answers. Write legibly. Presentation counts! Suppose the market for eggs in Nagog Village can be described by the following D & S equations: QD = 140 - 20P QS = -40 + 40P where Q is in dozens of eggs per week and P is price per dozen. a. Construct an accurate, neat, and fully labeled graph. b. Calculate equilibrium p* and Q* and label your graph accordingly. P* = Q* = c. Calculate the $ value of consumer surplus (CS) and of producer surplus (PS) at P*, Q*. CS = PS =

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