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The market for a particular chemical, called Negext, is describedby the followin

ID: 1237835 • Letter: T

Question

The market for a particular chemical, called Negext, is describedby the following equations Demand: Qd=100-5P Supply:Qs=5P where Q is measured as units of Negext and P is price indollars per unit. a. Find the equilibrium price and quantity. compute consumersurplus, producer surplus, and total surplus in the marketequilibrium
Demand: Qd=100-5P Supply:Qs=5P where Q is measured as units of Negext and P is price indollars per unit. a. Find the equilibrium price and quantity. compute consumersurplus, producer surplus, and total surplus in the marketequilibrium

Explanation / Answer

 i agree with above answer

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