The market has demand and supply curves represented by: P = 15 +0.002Q P = 300 -0.003Q If the price is held at $45, the change in total surplus is *** if it is a decrease, then put a negative in from of it, do not add a plus sign. Round your answer to the nearest whole number.

The market has demand and supply curves represented by: P = 15 +0.002Q P = 300 -0.003Q If the price is held at $45, the change in total surplus is *** if it is a decrease, then put a negative in from of it, do not add a plus sign. Round your answer to the nearest whole number.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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