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A particular commodity has a price-demand equation given by p = 23,886 - 415x, where x is the amount in pounds of the co
Posted: Wed May 11, 2022 4:45 am
by answerhappygod
- A Particular Commodity Has A Price Demand Equation Given By P 23 886 415x Where X Is The Amount In Pounds Of The Co 1 (12.76 KiB) Viewed 39 times
A particular commodity has a price-demand equation given by p = 23,886 - 415x, 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 24 dollars. (Round your answer to the nearest cent if necessary.)