Question: please solveee 1- Demand: (1 = 150 2P2: supply: C1 = 2P - 50. a. What is the equilibrium pricelPe) and quantitgg)? Calculate and show

please solveee 1- Demand: (1 = 150 2P2: supply: C1 =

please solveee

1- Demand: (1 = 150 2P2: supply: C1 = 2P - 50. a. What is the equilibrium pricelPe) and quantitgg)? Calculate and show on a graph. (10p) b. Calculate the consumer surplus at Fe. (1033) c. Calculate the producer surplus at Fe. (109) d. If price is 60, is there an excess demand or excess supply? Calculate and show on the graph. (10p)

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