## Math Problem Statement

## Solution

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## Math Problem Analysis

### Mathematical Concepts

Supply and Demand

Equilibrium Point

Consumer Surplus

Producer Surplus

### Formulas

Demand curve: Price = 35 - (5 * Quantity)

Supply curve: Price = 5 + (2.5 * Quantity)

Equilibrium: Set Quantity Demanded = Quantity Supplied

### Theorems

Equilibrium in Supply and Demand

### Suitable Grade Level

College Economics or AP Microeconomics

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