Practice Problem: Market Equilibrium and Welfare in Perfect Competition (when Price is the Subject)

Hi everyone in this practice problem I go through an example of finding market equilibrium and welfare outcomes. In this problem our market demand and market supply equations are expressed with price on the left hand side.
0:00 Introduction
0:50 Drawing Demand
2:27 Drawing Supply
3:25 Finding Equilibrium
8:24 Finding Consumer Surplus
9:16 Finding Producer Surplus
10:05 Finding Total Surplus
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