The supply and demand for squash are given by Q^D = 200,000 - 50,000P and Q^S = 90,000P - 80,000, where P is price per pound and Q measures pounds of squash.
a. What is the level of consumer surplus at the equilibrium price?
b. What is the level of producer surplus at the equilibrium price?

Question

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The Answer of The supply and demand for squash are given by Q^D = 200,000 - 50,000P and Q^S = 90,000P - 80,000, where P is price per pound and Q measures pounds of squash. a. What is the level of consumer surplus at the equilibrium price? b. What is the level of producer surplus at the equilibrium price?

The Supply and Demand for Squash Are Given by QD

The Supply and Demand for Squash Are Given by Q^D