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Posted: **Wed Jul 06, 2022 6:32 pm**

: Given Respectively A Demand For And Supply Of A Good In A Competitive Market As P 113 Q And P Q 1 I Find Th 1 (25.04 KiB) Viewed 22 times

Given, respectively, a demand for and supply of a good in a competitive market as P = 113 Q² and P = (Q + 1)² i) Find the equilibrium price and equilibrium quantity. ii) Determine the consumers' and producers' surplus at the equilibrium price and quantity.