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Suppose, the demand function for iphone 11is Qd = 84-2P and supply function Qs=-16+0.5P. Calculate consumer's surplus and producer's surplus.(hint: draw the figure to solve

Suppose, the demand function for "iphone 11"is Qd = 84-2P and supply function Qs=-16+0.5P.

Calculate consumer's surplus and producer's surplus.(hint: draw the figure to solve this problem)

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