Question: called the gain from trade. ( 2 ) In the situation below, p = D ( q ) = 3 5 - q 2 and
called the "gain from trade."
In the situation below, and where is measured in thousands and is measured in hundreds of units. Use Wolfram Alpha to help you compute the following values.
a Compute the equilibrium price and quantity and
b Compute the consumer surplus.
c Compute the producer surplus.
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