Mathematics, 01.12.2021 02:10 anamariarozo

When the price of a certain product is $40, 25 items can be sold. When the price of the same product costs $20, 185 items can be sold. On the other hand, when the price of this product
is $40, 200 items will be produced. But when the price of this product is $20, only 100 items
will be produced. Use this information to find supply and demand functions (assume for
simplicity that the functions are linear), and compute the consumer and producer surplus at
the equilibrium price. I

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When the price of a certain product is $40, 25 items can be sold. When the price of the same produ...

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