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The demand for cameras in a certain country is given by D=8004P, where P is the price of a camera. Supply by domestic camera producers
The demand for cameras in a certain country is given by D=8004P, where P is the price of a camera. Supply by domestic camera producers is S=400+P. If the world price of a camera is $50, what is this country's economic surplus?
- None of the answers
- 146,250
- 101,250
- 45,000
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