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The next 9 questions involve the following supply and demand equations: Supply: 19 = q Demand: p = 200 - q 22. What is the
The next 9 questions involve the following supply and demand equations: Supply: 19 = q Demand: p = 200 - q 22. What is the market equilibrium price and quantity? (A) 30* = 50, q* = 50 (B) 10* = 200, q* z 200 (C) 10* = 100, q* = 100 ( ) D p* = 125, q* = 125 23. What is the Consumer Surplus
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