Business, 23.09.2019 18:00 petroale000
Suppose that you are the vice president of operations of a manufacturing firm that sells an industrial lubricant in a competitive market. further suppose that your economist gives you the following supply and demand functions: demand: upper q superscript upper d = 45 minus 2 upper p supply: upper q superscript upper s = negative 15 plus upper p. what is the consumer surplus in this market? consumer surplus is $ 20.25. (enter your response rounded to two decimal places.)
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