4. (8 points) Suppose that the demand and supply functions are given respectively by 24 P(p) -2 and q* (P) = p - 4. р De
Posted: Thu May 19, 2022 7:27 am
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4. (8 points) Suppose that the demand and supply functions are given respectively by 24 P(p) -2 and q* (P) = p - 4. р Determine the consumer and producer surplus.