Microeconomics A Contemporary Intro
Microeconomics A Contemporary Intro
10th Edition
ISBN: 9781285635101
Author: MCEACHERN
Publisher: Cengage
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Suppose the domestic supply (QS) and demand (QD) for MP3 players in the United States are given by the following set of equations:

QS = -25 + 10P

QD = 875 – 5P

In autarky (in the absence of international trade), the consumer surplus in the United States' MP3 player market is ___________.

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