Question: The demand curve for a good is given by the equation QD = 1 0 0 0 - 5 P , and the supply curve

The demand curve for a good is given by the equation QD =1000-5 P, and the
supply curve is given by the equation QS =-500+10P, where P represents the
price of the good (measured in dollars per unit) and Q represents the quantity
of the good (measured in units). What is the consumer surplus? What is the
producer surplus? What is the total surplus? What is the deadweight loss?

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