Business

2 August, 01:13

Suppose the demand curve is: P = 300 - 2QD and the supply curve is: P = 100 + 3QS. What is the sum of the consumer and producer surplus in the market at the equilibrium price and quantity?

A. $3200

B. $1600

C. $2400

D. $4000

E. Cannot be determined from the information given.

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