A particular commodity has a price-demand equation given by 23,566-413X, where x is the amount in pounds of the commodit
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A particular commodity has a price-demand equation given by 23,566-413X, where x is the amount in pounds of the commodit
A particular commodity has a price-demand equation given by 23,566-413X, where x is the amount in pounds of the commodity demanded when the price is p dollars per pound (6) Pind consumers' surplus if the equilibrium quantity is 50 pounds. (Round your answer to the nearest cent if necessary) (b) Find consumers' surplus if the equilibrium price is 24 dollars. (Round your answer to the nearest cent if necessary) 5
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