D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, and S(x) is the price,
Posted: Mon Jul 11, 2022 10:43 am
D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, and S(x) is the price, in dollars per unit, that producers are willing to accept for x units. Find (a) the equilibrium point, (b) the consumer surplus at the equilibrium point, and (c) the producer surplus at the equilibrium point. 7 D(x) = -x+13, S(x) = 10 ===√x+1 (a) Find the equilibrium point. (Type an ordered pair, using integers or decimals.) C