particular commodity has a price-demand equation given by p = 13,705 - 416%, where x is the amount in pounds of the comm
Posted: Tue May 10, 2022 7:50 pm
particular commodity has a price-demand equation given by p = 13,705 - 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 14 dollars. (Round your answer to the nearest cent if necessary.) Submit An B. 1-1 Points) DETAILS TAMUBUSCALC1 4.6.008. 0/6 Submissions Used MY NOTES ASK YOUR TEACHER A particular commodity has a price supply equation given by p = 366(1.035) where is the numbers of items of the commodity demanded when the price is p dollars per item () Find producers' surplus the equilibrium quantity S2 items. (Round your answer to the nearest cent if necessary) 5 Find producers' surplus if the equilibrium price is 2,156 dollars. (Round your answer to the nearest cent if necessary.)