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Imagine the market for Good X has a demand function of QDX = 40 – PX and a supply function of QSX = 2PX – 20. Suppose the current price of Good X (PX) is 30.
Calculate consumer surplus (CS).
CS =
Answers: 1
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Imagine the market for Good X has a demand function of QDX = 40 – PX and a supply function of QSX =...
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