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Suppose that Demand is given by: p = 50 - 2Q and Supply is given by: p = 4 + 2Q If the price is
Suppose that Demand is given by:
p = 50 - 2Q
and Supply is given by:
p = 4 + 2Q
If the price is stuck at 38, then what is the total surplus produced?
Note: If there is actually a shortage produced, input this as a negative surplus. For example, a shortage of 2.34 units is a -2.34 surplus.
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