Discusss what is the consumer producer and total surplus, Microeconomics

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Discusss what is the consumer producer and total surplus

Problem

Suppose the market for chewing gum is perfectly competitive, the demand is Q=20-P, and the supply is Q=-4+2P. What is the Consumer, Producer and total surplus?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Discusss what is the consumer producer and total surplus

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Microeconomics: Discusss what is the consumer producer and total surplus

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