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Question 4 (1 point) Suppose that in a perfectly competitive market, demand is given by Q-69.0-P and supply is given by Q=P-2

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Demand =69-P Supply Q = P-20 At equilibrium demand supply is ernal to 69-P = P- 20 69+20=2P 89=2P P = 89= 44.5 Quantity willConsumer surplus -I (24) (69-45) after tax = + (24) (24) Consumer Surplus = 288 after tax

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