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Let P Represent Price;let QS Represent Quantity Supplied;and Assume the Equation

Question 31

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Let P represent price;let QS represent quantity supplied;and assume the equation of the supply curve is Let P represent price;let QS represent quantity supplied;and assume the equation of the supply curve is .If 80 units of the good are produced and sold,then producer surplus amounts to $1,200.
.If 80 units of the good are produced and sold,then producer surplus amounts to $1,200.

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