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Suppose the world price for a good is 30 and the domestic demand and supply curves are given by the following equations and displayed by

Suppose the world price for a good is 30 and the domestic demand and supply curves are given by the following equations and displayed by the figure below.Demand: P = 90 - 3QSupply: P = 6 + 3Q

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win. clapter o Homework Save Score: 0.3 of 1 pt 1 of 15 (1 complete) HW Score: 2%, 0.3 of 15 pts Study Question 2 Question Help Suppose the world price for a good is 30 and the domestic demand-and-supply right curves are given by the following equations and displayed by the figure to the 100 Demand: P = 90 - 3Q 90 Supply: P = 6 + 3Q 80 70 a. At the world price, total domestic consumption is 20 units. 60 b. At the world price, the total amount of home production is & units. 50 c! The value of consumer surplus is $ 600 and the value of producer surplus is PW 20 10- D 5 10 15 20 25 30 35 40 Enter your answer in the answer box and then click Check Answer. ? 12 6 parts remaining Clear All Check Answer Activity Details O

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