Question: QUESTION 3 Suppose that the demand function for certain good is given by 2=500 - P and the supply function for that same good

QUESTION 3 Suppose that the demand function for certain good is given by 2=500 - P and the supply function for that same good is given by Q=4P. Total surplus (Consumer surplus + Producer surplus) is equal to: d 55,000 5 -10,000 100,000

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