Question: How would the consumer surplus, producer surplus and total surplus be calculated? that would result in the market at the equilibrium price and quantity Consider

How would the consumer surplus, producer surplus and total surplus be calculated? that would result in the market at the equilibrium price and quantity

How would the consumer surplus, producer surplus and total surplus be calculated?

Consider the market for vintage designer jeans. The following table gives the demand and supply schedules. (Price is in $ per pair of jeans and quantity is in pairs of jeans per month.) QD 21 40 17 80 13 120 9 160 12 200 15 210 1

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