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The supply function for soda is: QS = -4 + 2PS The demand function for soda is: QD = 20 - 2PD In the absences
The supply function for soda is:
QS = -4 + 2PS
The demand function for soda is:
QD = 20 - 2PD
In the absences of taxes or subsidies, the total surplus (or consumer surplus plus producer surplus) at the market equilibrium is:
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