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A particufar commodity has a price-demand equation given by p - 24,036 - 418x, where x is the amount in pounds of the co
Posted: Wed May 11, 2022 4:44 am
by answerhappygod
- A Particufar Commodity Has A Price Demand Equation Given By P 24 036 418x Where X Is The Amount In Pounds Of The Co 1 (10.86 KiB) Viewed 26 times
A particufar commodity has a price-demand equation given by p - 24,036 - 418x, 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 50 pounds. (Round your answer to the nearest cent if necessary) (b) Find consumers' surplus if the equilibrium price is 23 dollars. (Round your answer to the nearest sentit necessary)