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Table 4-7 Demand Supply P = 60 - 2QD P = 15 + QS QD = 30 - 0.5P QS = P - 15 Refer
Table 4-7 Demand Supply P = 60 - 2QD P = 15 + QS QD = 30 - 0.5P QS = P - 15 Refer to Table 4-7. The equations above describe the demand and supply for Pauline's Pickled Pomegranates. The equilibrium price and quantity for Pauline's Pickled Pomegranates are $30 and 15 thousand units. What is the value of economic surplus in this market
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
4th edition
1305259335, 978-1305259331
