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Business, 16.10.2021 19:40 zubeenakhtar1386

The demand and supply curves for Fuji apples are given by QD = 50 – 6P and QS = 4P – 2, where P is price per bag and Q is in thousands of bags. What are consumer surplus and producer surplus at the equilibrium price? CS = $29,422; PS = $44,180

CS = $29,422; PS = $7,657

CS = $856,000; PS = $1,126,113

CS = $450; PS = $44,180

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The demand and supply curves for Fuji apples are given by QD = 50 – 6P and QS = 4P – 2, where P is p...
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