Problem $6-3$

Use a cell reference $or$ a single formula where appropriate $in$ order $to$ receive full credit. $Do$ not copy and

paste values $or$ type values, $as$ you will not receive full credit for your answers.

$In$ a competitive market, the market demand curve $is{Q}_d=28-2p$ and the market supply curve $isQs=-8+2p.$

$Q_d,=,28,-2p$

$Q_3,=,-8,+,2p$

$ap=$$$4,5,6,$dots,$14.$

$bp=$$$4,5,6,$dots,$14,$ determine the consumer surplus.

$cp=$$$4,5,6,$dots,$14,$ determine the producer surplus.

$a$