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Suppose the demand curve is given by = 10 , and the supply curve is given by = . The market is in equilibrium. The
Suppose the demand curve is given by = 10 , and the supply curve is given by = . The market is in equilibrium. The equilibrium price is ____ and the equilibrium quantity is ____. The consumer surplus is ____ and the total surplus is____. a) 10, 5, 25, 25 b) 5, 5, 12.5, 25 c) 5, 5, 12.5, 12.5 d) None of the above.
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