In a perfectly competitive market in which the demand is Q = 30-P and the supply is Q = 2P - 3 (choose the correct two):

Question

In a perfectly competitive market in which the demand is Q = 30-P and the supply is Q = 2P - 3  (choose the correct two):

Answer

The producer surplus at equilibrium is 230.

Answer

The equilibrium price is P = 11.

Answer

The consumer surplus at equilibrium is 180.5.

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