Suppose the demand curve is given by qd 400 ndash 50 p


Suppose the demand curve is given by QD = 400 – 50 P, where P is price. The supply curve if given by QS = 50P

Calculate the producer surplus

Suppose that the government made a rule that the price must be 5 dollars.

Calculate producer surplus.

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Macroeconomics: Suppose the demand curve is given by qd 400 ndash 50 p
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