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Q. Assume that the price of video game players falls. What most likely will happen to the equilibruim price and quantity of bideo games assuming this market is competitive

Q. Given the supply function Q = 20 - 2p where Q stands for quantity supplied and p stands for price. Q intercepts x-axis at 20 and y-axis at -10. Explain how to get the producer surplus? What about the area that lies beneath the x-axis?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9270385

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