microeconomics

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1. Market demand is given as QD = 250 – 0.5P. Market supply is given as QS = 2P. In a perfectly competitive equilibrium, what will be the value of consumer surplus?

a.\$10 000
b.\$20 000
c.\$40 000
d.\$80 000

2. Market demand is given as QD = 250 – 0.5P. Market supply is given as QS = 2P. In a perfectly competitive equilibrium, what will be the value of producer surplus?

a.\$10 000
b.\$20 000
c.\$40 000
d.\$80 000

• microeconomics -

a.

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