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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
Posted: Tue May 10, 2022 9:26 pm
by answerhappygod
- A Particular Commodity Has A Price Demand Equation Given By 23 566 413x Where X Is The Amount In Pounds Of The Commodit 1 (12.36 KiB) Viewed 30 times
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