Shawn6702 Shawn6702
  • 07-06-2023
  • Business
contestada

Demand and supply are given by D=12−2p and S=2p a. Explain Consumer Surplus as net benefit = B-E b. The area under the demand curve measures total benefit B c. Explain Producer Surplus as profit =R−C d. The area under supply curve measures economic cost C

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