1
answer
0
watching
61
views
12 Nov 2019
Suppose the demand of a product can be modeled by P=D(q)=-0.89+150 and that the supply for the same product can be modeled by P=s(q)=5.29 where q represents quantity and p represents price. Find the producer surplus at the equilibrium point (25,130) and the consumer surplus at the equilibrium point (25,130)
Suppose the demand of a product can be modeled by P=D(q)=-0.89+150 and that the supply for the same product can be modeled by P=s(q)=5.29 where q represents quantity and p represents price. Find the producer surplus at the equilibrium point (25,130) and the consumer surplus at the equilibrium point (25,130)
Collen VonLv2
15 Feb 2019
