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Macroeconomics Midterm - Part 2 of 3!
SAMPLE
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5. Consumer and Producer Surplus; Price Ceilings and Price Floors / Quantitative Analysis of Consumer and Producer Surplus at Equilibrium / Problem 13
Problem 13

A market has demand Qd = 1000 - 10P and supply Qs = 5P + 100. Calculate the consumer surplus at equilibrium.