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A particular commodity has a price-demand equation given by 13,776 - 416, where x is the amount in pounds of the commodi
Posted: Tue May 10, 2022 7:27 pm
by answerhappygod
- A Particular Commodity Has A Price Demand Equation Given By 13 776 416 Where X Is The Amount In Pounds Of The Commodi 1 (13.51 KiB) Viewed 36 times
A particular commodity has a price-demand equation given by 13,776 - 416, where x is the amount in pounds of the commodity demanded when the price is p dollars per pound (a) Find consumers' surplus if the equilibrium quantity is 30 pounds. (Round your answer to the nearest cent if necessary.) $ (b) Find consumers' surplus if the equilibrium price is 11 dollars. (Round your answer to the nearest cent if necessary.) $