xercise 1: Assume that market for good A has two individual buyers with the following demand functions: P1 = 10 – Q1 and P2 = 10 – 0,5Q2 respectively. Market supply function is Q = 2P – 10 (P: 1000$/ton, Q: tons). If Government imposes a price ceiling of 7000$/ton and supplies all the shortage amount then consumer surplus is?  A. CS = 11500$ B. CS=12500$ C. CS=13500$ D. None of the above

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