Business, 27.05.2020 22:04 kjhgfcvb5761

"Consider a market where the demand and supply for the good are described by the following equations: begin mathsize 14px style straight Q subscript straight D space equals space 225 space minus space 3 straight P end style and begin mathsize 14px style straight Q subscript straight S space equals space minus space 22.5 space plus space 1.5 straight P end style If the market is perfectly competitive, the good is rival and excludable, and there are no externalities, the total surplus is"

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