If 39 D 250 50p and S 25p 25 are the demand and supply functions respectively calculate the equ...........

Economics-I Mathematical Methods in Economics

If 'D = 250 - 50p and S = 25p + 25 are the demand and supply functions respectively, calculate the equilibrium price and .the quantity. Hence calculate both consumer's and producer's· surpluseS under equilibrium. (150 words) (15 Marks)

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