Assume the demand for balloons is p40-2q the supply is p3q
Assume the demand for balloons is P=40-2Q. The supply is P=3Q.
1) What is the equilibrium price and quantity?
2) What is producer surplus?
3) What is the consumer surplus? (Make sure you show all your work)
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assume the demand for balloons is p40-2q the supply is p3q1 what is the equilibrium price and quantity2 what is
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