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A particular commodity has a price-demand equation given by p = 18,444 417x, where x is the amount in pounds of the comm
Posted: Wed May 11, 2022 4:45 am
by answerhappygod
- A Particular Commodity Has A Price Demand Equation Given By P 18 444 417x Where X Is The Amount In Pounds Of The Comm 1 (39.38 KiB) Viewed 27 times
A particular commodity has a price-demand equation given by p = 18,444 417x, 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 40 pounds. (Round your answer to the nearest cent if necessary.) $ (b) Find consumers' surplus if the equilibrium price is 19 dollars. (Round your answer to the nearest cent if necessary.) $