Question: Given the demand curve p = 35 q 2 and the supply curve p = 3 + q 2 , find the producer surplus
Given the demand curve p = 35 − q2 and the supply curve p = 3 + q2, find the producer surplus when the market is in equilibrium.
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To calculate the producer surplus we need to find the market equilibrium price p and quantity q In ... View full answer
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