Answer Happy

The price demand equation for a particular flashlight is given by - 114 -0.002x, where x is the number of flashlights demanded when the price is p dolars each. The flashlight manufacturers will produce no flashlights if the price is $78 or less, and they will marlont 7,000 flashlights when the price is $106 per flashlight (Assume the price supply equation is linear) (a) Find the consumers' surplus for this commodity. $ (b) Find the producers' surplus for this commodity

A popular three-story dollhouse has a price demand equation given by p = D(x) = 174 - 0.7x and the price-supply equation is given by D = 5) = 0.3 +124, where is the number of dollhoune demanded/supplied when the price is p dollars each (Round your answers to the nearest centi necessary) (a) Find the consumers' surplus for the dollhouses. (b) Find the producers' surplus for the dollhouses