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With the following supply and demand, Demand: P = 35 - 0.5Q Supply: P = 8 + 0.25Q Calculate the equilibrium price, equilibrium quantity, consumer

With the following supply and demand,

Demand: P = 35 - 0.5Q

Supply: P = 8 + 0.25Q

Calculate the equilibrium price, equilibrium quantity, consumer surplus, and producer surplus. Provide a graph and label the areas of consumer surplus and producer surplus

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